Apple has closed the PDF security vulnerability which is being exploited by the easiest jailbreak ever at jailbreakme.com and new iDevices are now being shipped with secure iOS Firmware 4.0.2/3.2.2, moments ago the iPhone Dev Team has posted the answer to the obvious question users were thinking of "What Now, will there be a jailbreak for iOS 4.02/3.2.2 ?" and the answer from The Dev team is :

"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”.

If the cat & mouse game escalates too quickly, especially during beta FW periods, nobody but Apple benefits. For this reason, there won’t be a 4.0.2/3.2.2 jailbreak specifically during the period where 4.0.2/3.2.2 is the latest public release. At best, some future 4.1x FW jailbreak *may* be compatible with 4.0.2/3.2.2 (but don’t count on that).
"

Although very simple Spirit jailbreak did not ended up as an browser exploit as earlier expected which only required users to point their iOS Mobile Safari browser to an webpage and get an instant no hassle jailbreak. The good news is that this is now possible as Comex has released the Spirit Jailbreak v 2.0 as an instant web-browser exploit available at JailBreakMe.Com, to get started all you need to do is point your iOS Mobile Safari browser to the website above and follow instructions.