should you only download XCode 4.1 from the app store if you move to Lion?
i.e I am staying on Leopard for a few more weeks, so do I have to stay with XCode 4.0.2 until I move to Lion?
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Yes, it seems:
Details: http://thetechjournal.com/electronics/computer/software/xcode-4-1-developer-preview-for-mac-os-x-lion-is-available-for-download.xhtml#ixzz1TGiXaC1w
UPDATE: This question was asked in Jul 2011. As of now, Nov 2011, Xcode 4.2 is already released and made available on the Mac App store.