Looks like some folks have figured it out. This method will allow you to restore your iphone to 1.0.2 with the correct IMEI #. What does this mean? It means you can restore your 1.0.2 unlocked iPhone then upgrade to 1.1.1 and unlock.

Windows Instructions

OSX Instructions coming soon

The folks that came up with this are gray who figured out how to reverse the iphone crypto, geohot whos server is being used for this, guest184 for fixing gloader, and The Dev Team for the iUnlock Program