Update:Saurik and the dev team are working to fix this exploit without having to update to IOS 4.0.2 so we can after all have our cake and eat it too lol..
Apple released an update to the IOS now it is IOS 4.0.2 this gets rid of the exploit used by jailbreakme.com. So if you want to keep your unlock and your jailbreak I suggest that you dont update your Iphone 4 IOS.. Hopefully though the dev team and Comex is working on something to get around this fix. And if you already updated your iphone 4 I suggest you restore it to a lower firmware..
Until Next Time Geeks...
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