Upgrade from 1.0.2 (jailbroken) to 1.1.1 lose applications?

[Fayewolf]

Now that 1.1.1 is pretty stable, I would love to upgrade to 1.1.1

My phone came with 1.0 (original) versio firmware, and I downloaded the 1.0.2 firmware somewhere and restore to that via itunes. Phone is jailbroken, and installed tons of apps , but not unlocked. I use att so no need to worry about that

Can someone tell me what's the best way to go about upgrading to 1.1.1? Do i need to restore to factory settings first?

If i do upgrade to 1.1.1, do i lose all the applications I've installed already?
Thanks!!!

[Lincoln]

Yes, you will lose all of the applications you've installed. Just restore in iTunes and you'll have 1.1.1.

[NateEssex]

Is the battery issue not a concern anymore?

[Fayewolf]

Originally Posted by NateEssex

Is the battery issue not a concern anymore?

What do you mean?