Typical de Sitter (dS) vacua of gauged supergravity correspond to saddle
points of the potential and often the unstable mode runs into a singularity. We
explore the possibility to obtain dS points where the unstable mode goes on
both sides into a supersymmetric smooth vacuum. Within N=2 gauged supergravity
coupled to the universal hypermultiplet, we have found a potential which has
two supersymmetric minima (one of them can be flat) and these are connected by
a de Sitter saddle point. In order to obtain this potential by an Abelian
gauging, it was important to include the recently proposed quantum corrections
to the universal hypermultiplet sector. Our results apply to four as well as
five dimensional gauged supergravity theories.Comment: 25 pages, 1 figure, add refs and corrected typo