CentOS has moved the postgresql-8.1.4 RPMS for i386 and x86_64 into the CentOSPlus repository.
(do not forget the compat-postgresql rpm as well)
Please backup your postgresql-7.x databases prior to upgrading per this link:
http://www.postgresql.org/docs/8.1/interactive/install-upgrading.html
(backup data, install RPMS, /etc/init.d/postgresql restart, restore data)
Thanks, Johnny Hughes