In the latest chapter of iPhone baseband 4.11.08 unlocking, Chinese Hackers have claimed to have created a SHSH server capable of letting users downgrade their IOS and thus also downgrade to the unlocked 4.10.01 baseband.
Will it work? Hard to say. Setting up the server is the easy part, since TinyUmbrella has been doing this for years. The real trick will be creating fake SHSH blobs, which would require cracking Apple's code.
I'm very skeptical that this will be a working solution. If cracking Apple's SHSH codes were so easy, it would have happened a while ago.
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