Hi Trony,
The backup file will be a Binary file :)
Here are some references to this;
These are the best practices for General Administration:
In general, before any upgrade it is a good idea to do a binary backup of the configuration. WLCs support the conversion of older configuration information into new versions, but there is no support for the reverse process. This applies both to major or minor version changes.
The use of a newer configuration into an older release might lead to missing settings (access lists, interfaces, and so forth), or on incorrectly working features. If you need to downgrade a controller, it is advisable that after the downgrade, you clear the configuration, configure back the management interface address, and load the binary backup file by TFTP.
http://www.cisco.com/en/US/tech/tk722/tk809/technologies_tech_note09186a0080810880.shtml#new1
Hope this helps!
Rob