There are no values that will cause the checkbox to be unchecked. If the checked attribute exists, the checkbox will be checked regardless of what value you set it to.
<input type="checkbox" checked />
<input type="checkbox" checked="" />
<input type="checkbox" checked="checked" />
<input type="checkbox" checked="unchecked" />
<input type="checkbox" checked="true" />
<input type="checkbox" checked="false" />
<input type="checkbox" checked="on" />
<input type="checkbox" checked="off" />
<input type="checkbox" checked="1" />
<input type="checkbox" checked="0" />
<input type="checkbox" checked="yes" />
<input type="checkbox" checked="no" />
<input type="checkbox" checked="y" />
<input type="checkbox" checked="n" />Renders everything checked in all modern browsers (FF3.6, Chrome 10, IE8).