Recently, the Dev-Team told us that there won't be an iOS 4.0.2 jailbreak. The iOS 4.1 firmware is totally new and as the new iOS 4.1 firmware is coming soon, the Dev-Team is working hard to find a new loophole.
MusclNerd has said that it will be a userland jailbreak. Otherwise it will be a normal jailbreak using Pwnage tool or Redsn0w. If Comex is not able to give us a userland jailbreak then the dough is lost .

Stay tuned at Mod Your Pod to be updated.