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4art4,
Your strategy looks like the best way to proceed at this time. Sadly, configuration management tools are both the best way to handle patching, and the worst. Puppet, Ansible, and Chef can work with your private repos to promote versions of software, but none offer a great solution for this kind of staged patching. Spacewalk is a great tool for sure, but you may find that it is a little too simple and gui dependent for large deployments. I hope that one of the configuration management tools, or a new challenger steps up and creates an ideal solution for package management.
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