pk_cols = Foo.table.primary_key.keys()
for f1 in foos:
f2 = Foo.get([getattr(f1, c) for c in pk_cols])
if f2 is not None:
f2.val = f1.val # update
# XXX do we need to do session.add(f2)
# (or at least keep f2 alive until after the commit?)
else:
session.add(f1) # insert
session.commit()