The iPhone Dev team has just announced that there will not be an iOS 4.0.2 jailbreak this its because they say that the latest iOS update was made solely to patch the pdf security hole, so they see no point in continuing the " cat and mouse game" with apple because according to them it will only benefit apple. They do however say that there might be as chance with iOS 4.1 which is speculated to fix the slowness of iOS 4 on the
iPhone 3G. If you have a jailbroken idevice on iOS 4.0 or iOS 4.0.1, don't update because neither 4.01 or iOS4 4.02 give you much. If you are concerned about security than you can download the pdf patch by saurik.
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