Christian, the how-to is great but for me there was one obstacle that prevented me from using it - the system was hang - i couldn't log to the server nor i could issue the sbin/e-smith/signal-event pre-backup command.
The only way i could approach towards retrieving my data back was to find a way to mount the partition.
This forum is so helpfull to all - it is only obvious i would share my findings with everyone.
Amir