Replicate MySQL 5.0 Master to 5.5 Slave?

Question

We're planning out a series of server/software upgrades and were curious.

We have a RHEL5 install running MySQL 5.0 that we'd like to replicate to a new (virtualized) server running CentOS 6 and MySQL 5.5. Then, in the future, we would bump the RHEL5 machine to CentOS6 and MySQL5.5. We want to get this replication going first if possible.

So the short question is, has anyone tried replicating a MySQL 5.0 master to a 5.5 slave?