Recently the Dev Team launched the ‘jailbreakme campaign’, but Apple sealed the leak and now they are not going to release a jailbreak for iOS 3.2.2 or 4.0.2 for the iPad. They hope a future 4.1x jailbreak might be compatible with 4.0.2/3.2.2, but they also say not to count on that too much. Have you updated the iPad to 3.2.2? or your iPhone to 4.0.2, don’t wait for a jailbreak to arrive.
Now it’s a few weeks later, and Apple has closed the jailbreakme.com hole. They’re shipping devices with FW 4.0.2/3.2.2, impervious to this particular jailbreak. So now, people will begin to ask: will there be a jailbreak for devices that shipped with 4.0.2/3.2.2, out of the box?
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”.
Source: Dev Team Blog