No worries. Uni is a good excuse.
Yeah, they got around the problems that the new bootloader was causing. I used ZiPhone myself after updating to 1.1.3 with iTunes. (I don't need to upgrade to 1.1.4.)
Sorry I should have said that it uses a modified baseband v4.2.13_G or something like that - the one that came with 1.1.2.
There are a few concerns about replacing your bootloader which can fix some minor problems with the modified baseband. However if you downgrade the bootloader to 3.9, you can't go back. There's some concern that future hacks will need the 4.6 bootloader.