Is it possible to rename or to move a directory that contains multiple workspaces?

Is it possible to rename or to move a directory that contains multiple workspaces without losing connectivity to the Eclipse projects and to the RTC-SCM?  For example, we need to go

from
/home symLinked to /old_home
/home/user/workspace/ws1
/home/user/workspace/ws2

to
/home symLinked to /new_home
/home/user/workspace/ws1
/home/user/workspace/ws2

I have tried some experiments that indicate that this change is a breaking one due to the symLinks being resolved to the real paths in the Eclipse metadata and perhaps the SCM database connection.  Users have been advised to make sure that all desired modifications are included in change-sets, but I would prefer not making users create new workspaces.

Thanks!