With the release of iOS 4.1 expected in a few weeks, the Dev-Team has made an announcement informing users not to expect any new jailbreak from them for the previously released iOS 4.0.2/3.2.2. It had been warned several times, prior to the release even, to stay away from these updates, as they were only pushed to block the JailbreakMe.com exploits being used, offering nothing more to the user other than prevention method from jailbreaking.
With Apple now shipping new orders with this newer firmware, many people wanted to know if there was something in the works, so they too could join in, but unfortunately, those who have bought stock with 4.0.2 on it will have to wait it out for iOS 4.1 to be jailbroken.
No, there won’t be... With FW 4.1 still in its beta stages, it makes no sense to escalate the “cat & mouse” with Apple for FW updates that only fix the jailbreak holes. To quote WOPR, “the only winning move is not to play”. At best, some future 4.1x FW jailbreak *may* be compatible with 4.0.2/3.2.2 (but don’t count on that).
If however, you have an iPhone 3G or an iPod Touch 2G (Non-MC) , your still in luck, as well as the older iPhone models. Simply use redsn0w to jailbreak.