Howto: Get Your Precious 1.0.2 iPhone Back from a Misguided 1.1.1 Upgrade

Don't upgrade your hacked, jailbroken, unsimlocked iPhone to Release 1.1.1 of the iPhone Firmware. Don't yet. Wait for the mouse to catch the cat.

In case you could not wait and lost the simlock break or the jailbreak or you even bricked your iPhone, it's not an expensive door stopper yet, you can go back.

Check out 9to5's guide on how to downgrade to 1.0.2. Seems Apple is getting the same deseases as Microsoft, in many ways.

Geeculture  has this announcement. Looks like even the Apple hard core fans aren't too happy with this move