How to Replicate a mu installation like "EduBlogs" to multiple Domains

Extra – The new multiple domain mapping plugin should allow you to do this no worries at all.

I have several wpmu projects lined up for different domain names.

90% of the functionality / plugins / themes would be identical.

I am trying to reduce my workload and wondering if I can setup 1 of them perfectly, then copy / install the Code/Db it to other domains.

If this works flawlessly, then I’ll just need to tweak them a little, individually, saving me a ton of time

All Domain Names are hosted with the same host.

Questions:

1. What is involved in it, besides moving the wpmu directory and mysql?

2. Where do I change the domain names in the Db and any other places, such as Config, etc?

3. Any gotchas I should be concerned about?

Thanks.