The theory is that the first shipping 3.2 GHz X5482 Xeon chips are/were the older stepping that had 150 Watt TDP vs the newer stepping that is 120 Watts TDP ( if that is greek to you, the newer version runs cooler and uses less power )
Physically the differences are subtle and related to the higher heat of the 3.2 v. 2.8/3.0. Also the 3.2 uses different heat sinks and thermal compound.
2.8/3.0 MLB part number 661-4449; heat sink 076-1303
3.2 MLB part number 661-4676; heat sink 661-4458