No, it's not newer than server. It's newer than dump, created by 10.1

SQL> select * from v$version;

BANNER
----------------------------------------------------------------
Oracle Database 10g Enterprise Edition Release 10.2.0.1.0 - 64bi
PL/SQL Release 10.2.0.1.0 - Production
CORE 10.2.0.1.0 Production
TNS for Linux: Version 10.2.0.1.0 - Production
NLSRTL Version 10.2.0.1.0 - Production

SQL> quit
Disconnected from Oracle Database 10g Enterprise Edition Release 10.2.0.1.0 - 64bit Production
With the Partitioning, OLAP and Data Mining options
[oracle@db1 ~]$ impdp system/svsys@SV full=Y directory=BACKUP dumpfile=EXPDAT01-29062007.DMP logfile=import.log

Import: Release 10.2.0.1.0 - 64bit Production on Monday, 02 July, 2007 22:44:15

Copyright (c) 2003, 2005, Oracle. All rights reserved.

Connected to: Oracle Database 10g Enterprise Edition Release 10.1.0.2.0 - Production
With the Partitioning and Data Mining options
UDI-00018: Import utility version can not be more recent than the Data Pump server.