I would doubt it ... I assume that implies a security risk.
You will probably enjoy browsing the Apple code best. When you “update” the widget, do you change the identifier or automatically erase the settings? (Forgive my ignorance - I'm far from my Mac, so I can't investigate myself)
Other than that, you'll probably want to find "Dashboard widget settings cleared by the update" either on the "thread" or on the Apple forums. Email lists are especially useful.
Fat lotus
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