No, each Nandroid backup will be uniquely named. The naming format is like this:
/sdcard/nandroid/HTxxxxxxxxx/BDS-ccyymmdd-hhmm
where the
ccyymmdd is the current date and
hhmm is the current time (GMT, I believe).
There will be a boot.img, data.img, system.img, and a nandroid.md5 file in each directory.
Also, if you did make your Nandroid backup when you first rooted (like this thread instructs you to
) that would have contained your contacts, you can restore it and grab your Contacts off from the point and re-restore your newest ROM.
So, you could make a Nandroid backup of your current ROM, restore the one that has your contacts, extract your contacts, and then restore the most recent Nandroid backup. Note: you don't have wipe when doing a Nandroid restore, although it certainly doesn't hurt to do this.
Good luck and cheers!
edit: by the way, you can carefully rename your BDS-ccyymmdd-hhmm folders to be a little more meaningful--just don't use anything other than "regular" letters, numbers, dashes, and underscores (some characters are special to the custom recovery and could be misinterpreted when trying to do a restore). Also, don't rename the HTxxxxxxxxx folder name (that's the serial number of your phone) and the custom recovery uses that to find your Nandroid backup folder.