My recommendation for this is to boot, then do the developer mode thing, reboot, delete old kext, reboot (wifi will be disabled now), then do the install/terminal commands to install the kext, reboot again and viola, handoff option should show up in settings
Thank you all for your recommendations. No success yet. Here's the exact sequence I did:
Prereqs: have the DP8 modified kext, which includes my “Mac-“ id in the Brcm4360 binary
1. apply this command: sudo nvram boot-args="kext-dev-mode=1"
2. reboot via power button -> restart
3. delete kext via finder, located in /System/Library/Extensions
4. reboot via power button -> restart
5. notice that Wi-fi is down
6. install the modified kext via the kext drop app. Kext version: 700.52.
7. apply commands below (waited for each to finish)
sudo chown -R root:wheel /System/Library/Extensions/IO80211Family.kext
sudo chmod -R 644 /System/Library/Extensions/IO80211Family.kext
sudo kextcache -system-prelinked-kernel
sudo kextcache -system-caches
8. reboot via power button -> restart
9. notice that no handoff button appears in the sys prefs. open console and see this entry for sharingd: Device Capabilities (Handoff:NO, Instant Hotspot:NO, AirDrop:NO, Legacy AirDrop:YES, Remote Disc:YES)
10. The Brcm4360 kextstat entry disappears after a few minutes
It seems pretty clear to me that either:
1) the mid-2011 MacBook Air hardware is not compatible
2) a blacklist/whitelist of hardware (Mac models? BT cards?) is maintained elsewhere in OS X
3) I screwed up with the procedure
Ideas welcome!