Yep this is what I did. I downloaded and extracted all the Bios Versions up until the latest, excluding the one I currently had. Then open AI Suite II, click update and select the option to update from file. Select Bios version which comes after yours, and let it do the work. Then pc has to reboot, something appears (some sort of message from American Megatrends). I believe you press F1 on that screen and then all is fine, and repeat until you get to 1102. It's fairly quick.
MB: Asus Crosshair V Formula
CPU: AMD Phenom II x6 1100t black Edition
SSD: Corsair Force Series 3 120GB
HDD: WD Caviar Black 1TB
PSU: Corsair HX1050
Cooling: Corsair H100
GPU: HD4550 (Waiting for GTX680 to come in that mail)
OS: Windows 7 Ultimate x64
RAM: 4 x 4GB Corsair Vengeance
Case: Cooler Master Storm Trooper