Maybe you're a developer and you need to revert back to iOS 4.3 to test your app for immediate release. Or maybe you're just an eager beaver and got your developer friend to install the beta for you, only to find out you should have heeded Apple's warning. Whatever the case, contrary to popular belief, you can downgrade from iOS 5 beta. Here's how:
This method has been tested for downgrading an iPhone 4 running iOS 5 beta 1 to iOS 4.3.3 using iTunes 10.5 beta (which you needed to install the beta OS). Any other hardware/software configurations may yield different results.
0) Plug your iPhone into your computer
Launch iTunes, if it doesn't automatically.
1) Enter DFU mode