@Sailor is right... unfortunately, I can't quote a credible source either - it's just a combination of working with Cloud Formation for an extended period of time and knowing enough about it. (Maybe I'm the credible source)
But what you could do is use your Cloud Former stack, and roll your existing production infrastructure into it.
For example, if you've got some EC2 images and a scaling group - roll that out, and then start terminating the others. How you'd do it would depend on your environment, but if it's architected for the cloud, it shouldn't be too difficult.