The iPhone Dev-Team will not release a jailbreak for iOS 4.0.2/3.2.2. And that means if you purchase a new iPhone 4, which is currently shipping with iOS 4.0.2, you are out of luck in terms of jailbreaking. It is a never ending cat and mouse game between Apple and the jailbreak community and for current iOS software, the Dev-Team are choosing to sit on the side line and for good reason.
blockquote>"No, there won’t be. FW 4.0.2/3.2.2 was only released to fix the jailbreakme hole. 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”."
They do go on to say that a future 4.1x FW jailbreak may be compatible with 4.0.2/3.2.2 but that it will be highly unlikely. For more jailbreak chatter be sure to visit our iPhone Jailbreak and Unlock forum.