Not likely. I actually gained about 10% in fuel mileage going from 3.07 to 4.10. Not that I cared, but it was a pleasant surprise.
Even if I didn't, a TJ sucks so bad in the full mileage department, that I'd rather have a funner vehicle to drive with more power, even if gas mileage was less, but it will most likely actually improve. It's not good with 3.07's anyway.
I wonder how much driving habit comes into play. At 3.07.. I would guess the driver is more aggressive during acceleration.
But.. cruising on the Highway, I would bet 3.07 is much better in mpg.
just my imo.