The guys over at Make It Work were lucky enough to sit down with Saurik, the developer of Cydia, for a few minutes and talk to him about the current iPhone 4 jailbreak situation.
Saurik confirmed that an iPhone 4 jailbreak will be released in the near future, and that Comex, MuscleNerd, and PlanetBeing are working hard on it.
Getting Saurik on video is a pretty rare event so I suggest you check it out.
[ModMyI]