Isn't this still a problem in a dynamic language? For example in Erlang let's say my state is the 2-tuple. In version 2 I make it a 3-tuple but it stays the same in version 3 so it has no upgrade code. Consider the same situation with any code where the middle version update adds data to your state.

I'm not sure why being statically typed would make hot code loading impossible. Can't you always interject some transformation function between updates? At the very worse you could have code to serialize your data structure right before update, then another function after the update to deserialize and turn it into the new structure. Am I missing something?