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It will eventually be jb for now apperently there is nothing, well nothing stable and that's open yo the public yet.I would say it's gonna be awile if someone does find a way they will most likely wait till apple updates 4.0 apple always does. Just check the threads regularly I'm sure when it's released it will be at the top of the list
Just my thoughts, but if it were me and I just bought a new iphone 4 I would definately play around with all of the new features and get used to the new OS before even thinking about jailbreaking it. Plus, that will give the dev ppl time to perfect the JB environment before you rush into something that could completely screw up your 200 dollar investment. Just me though.