The Latest version of RedSn0w will jailbreak iOS 4.3.2 but will be a tethered jailbreak. Tethered means that you will have to hook it up to the computer and run RedSn0w every time you reboot the device. Hopefully they can create a way to untether soon.
In order to jailbreak iOS 4.3.2 you just have to run RedSn0w and point to the iOS 4.3.1 firmware file.
As soon as we have more information we will let you know!
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