Downgrading from 1.1.1 to 1.0.2 is another process. Just do a search as there are plenty of info floating around.
With the recent jailbreak you have more options now. If you're running 1.0.2 and enjoying your mods currently, there's still no reason to update, really. Given the pace of the current jailbreak, who knows. Even I might update to 1.1.1 someday or some months!
But I'm very happy with 1.0.2 at the moment.
