Well after doing a "apt-get -s -t unstable upgrade" i do indeed see the following 3.2.1 packages listed in unstable:

Code:
Inst kdeartwork-misc [4:3.2.0-0+cvs20040217+cm] (4:3.2.1-1 Debian:unstable)
Inst kdeartwork-theme-icon [4:3.2.0-0+cvs20040217+cm] (4:3.2.1-1 Debian:unstable)
Inst kdebase-data [4:3.2.0-0+cvs20040215+cm] (4:3.2.1-1 Debian:unstable)
Inst kdeedu-data [4:3.2.0-0+cvs20040222+cm] (4:3.2.1-1 Debian:unstable)
Inst kdewallpapers [4:3.2.0-0+cvs20040217+cm] (4:3.2.1-1 Debian:unstable)
3.2.1 appears to be making it's way into unstable though there's surely more packages to add. Still, the speed with which this happened is remarkable given the usuall speed with which kde upgrades make it into unstable and especially in light of that fact (AFAIK) that 3.2 never made it there. Last time I looked it was in experimental. Somone let me know if I missed it's move into unstable.