PolyHertz has release UnChamfer Pro, a new script that allows the user to remove or scale mesh chamfers. The tool costs $8 and it’s available from Gumroad.
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When you are using edit poly modifier and switch it to animate mode and use chamfer for your selected edges, you can always tweak it anytime when you click on the settings button, so for me, unchamfer is not needed, but maybe for someone is…
Sometimes you get some badly done files that are collapsed (Turbosquid). It may be handy there.
it completely destroy unwrap so its very hard to use, only for pure modeling, should be fine they implement UV mapping correction
The UV issue has been fixed in UnChamfer Pro v1.1
It seems to work in Max 2012 as well, although I have only just installed it and only had the briefest experience with it so far.