MuscleNerd has confirmed that the latest release of redsn0w is able to jailbreak iOS 4.3.2. The jailbreak is tethered, and users will need to point redsn0w at the 4.3.1 IPSW, not .2. Please note that this does not confirm that i0n1c’s untether be able to jailbreak 4.3.2.
Remember to back up your SHSH blobs with Cydia before updating.
last week’s redsn0w can JB 4.3.2 (if you point it at 4.3.1 IPSW) but that’s a tethered JB (doesn’t imply anything about @i0n1c‘s untether)