I've done a similar thing a few years ago when I was first starting work on my guild hosting company's code. At the time, the main thing hosted on that machine was my WoW guild's website, which I had been working on for close to a year, and was beginning work on converting the site over to a general purpose guild hosting site. I was doing some work for a client, setting up a mirror of sorts for some kind of yearbook…
There’s an important motto to bear in mind here: data you haven’t backed up is data you don’t want. To be fair, this does bite us all at one point or another, but once it’s got you once you make damn sure it doesn’t get you twice.
Also, these days I get shaky just doing FTP deploys. Give me capistrano and git, or even better a direct Heroku push any day of the week.