UPDATE - redsn0w untethered for 4.3.2 has been released at the dev-team blog - Dev-Team Blog
UPDATE 2 - sn0wbreeze 2.6 has been released to jailbreak 4.3.2 untethered as well - available from http://ih8sn0w.com/
Looks like the twitterverse is alive with chat about i0n1c's completion of the untether patches for 4.3.2 tonight.
This means the dev-team will be able to release pwnage and redsn0w updates for untethered jailbreaking goodness on 4.3.2 without too much additional effort, hopefully within the next few days although there is no confirmed timescale.
i0n1c has also taken the step of releasing the untether code to the public, so if you are an advanced user and fancy applying the untether over an already tethered 4.3.2 device, go ahead and download it from here - http://antid0te.com/untether_4.3.2.zip
No news for the iPad2, although at least with this out of the way, everyone can concentrate on the iPad2 again!