From the Blog: Update #3: PwnageTool 4.3.2 now includes the iOS 4.3.2 untether from @i0n1c. (And look, the PwnageTool and iOS version numbers actually match!). Note that theres a corresponding update to ultrasn0w, which has been bumped up to v1.2.2 to get along with iOS 4.3.2 (the ultrasn0w update does not include any new baseband support!). Please reboot your iPhone using the normal slide to power off swipe after installing ultrasn0w 1.2.2. Trying it now.