This does not change the baseband, what it does it update the RIL in CM7 to be more compatible with the 405 baseband.
Thanks a lot.
Will i have to run this fix everytime i upgrade to a new nightly (or stable)?
Unfortunately, yes. Until cm_arcee decides to update his baseband and the reflect the source changes in CM7, we have to keep using this.
I can't determine how many bugs its solved since I only applied the fix an hour ago, but operation seems much smoother and not as many *hiccups*.