4.0.2 has been released which blocks the PDF exploit which they use to jailbreak your phone on jailbreakme.com.
You just choose to upgrade/restore your phone via iTunes.1. How do you remove the JB once installed? It is a case of uninstalling Cydia?
You will lose your jailbreak and all jailbroken apps, tweaks etc but your phone will function fully. If your unlock relies on a jailbreak (ie ultrasn0w) then you will also lose your unlock.2. What happens if I JB then upgrade the phone to a non-JB compatible firmware? Will the phone continue to function?
Thanks for the info. If you restore via iTunes, do you lose all your numbers, pics, vids, etc?