The iOS Dev-Team released redsn0w 0.9.6rc14, to bring an untethered jailbreak for Apple's iOS 4.3.2.
redsn0w 0.9.6rc14 works on the iPhone 3GS, iPhone 4 [GSM], iPod touch 3G, iPod touch 4G, iPad 1, and AppleTV 2G. Unfortunately, it does not support the iPad 2. A new PwnageTool will be released soon.
redsn0w 0.9.6rc14 [site link]