The untethered Jailbreak was released earlier today for IOS 4.3.2. Apple didnt have the time obviously so this jailbreak again uses the wonderful ionic’s code. Please consider a donation to him or the iphone dev team. Sadly still no jailbreak for Ipad2 but everyone else your good to go.
WARNING AS ALWAYS UNLOCKERS STAY AWAY UNTIL INFORMED ITS SAFE.
Disclaimer – I take no responsibilty for any damage you cause to your device follow this guide at your own risk.
– OS X RedsnOw (for macs)
– Windows RedsnOw (for windows)
OK now that you have RedsnOw and the 4.3.2 IPSW for your device just follow the tutorial HERE and where it says 4.3.1 just use 4.3.2. Easy hope you all enjoy.
Source – Iphone Dev