remover from svn control and leave local files alone?

$ svn --version
svn, version 1.2.3 (r15833)

Here is the scenario.

$ ls
foo/
bar/
other/
stuff/
$ svn add foo bar other
... output ommited here and below for brevity
$ svn add stuff -N
$ svn propset svn:ignore '*' ./stuff
$ svn commit
$ ls ./stuff
<insert random dir structure here>

Answer: 42
Question: How do I remove ./stuff from svn version control without
loosing my local files?

As a work around I did the following:
$ cp ./stuff ./stuff-tmp
$ svn rm ./stuff # Which effectively does a 'rm -rf' on the local disk
$ mv ./stuff-tmp ./stuff
$ rm -rf ./stuff/.svn

It works but is ugly.

Did I miss an option or tool somewhere?

-Lares

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