Unfortunately, no. It means that people who applied four years ago are now eligible. If in the meantime more than four year's worth of people applied (which is likely in most family-based categories), then your wait will be longer. The actual time you have to wait is unpredictable and most likely much longer than the visa bulletin suggests.
For an example, look at the Family 1st category. At the time of this writing (Visa Bulletin for July 2003), the current priority date for most countries is December 15, 1999 - almost four years backlog. In June 2000, the current priority date in this category was December 15, 1998. In other words, in this category it took three years for the current priority date to just move by one year! If this rate persists (which by no means is certain), somebody who applies today would be eligible for a Green Card in about ten years rather than the three 1/2 years that the visa bulletin suggests.
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