As reported by BGR — who has a good track record on iOS releases and rumors — that Apple intend to release iOS 4.3.2 update to fix Verizon iPad 2 issues which have 3G freezing connections. Additionally, the update come to fix FaceTime and some security holes.

Quote :

One of our Apple sources has just let us know that Apple’s iOS 4.3.2, due within the next week or so, will fix the issues we’ve been hearing about with some Verizon iPad 2 models. Additionally, the new update is said to contain a fix for FaceTime in addition to security fixes for things like WebKit vulnerabilities and other minor changes.

Likely iOS 4.3.2 will fix i0nic's untethered exploit which used in Redsn0w and PwnageTool to jailbreak iOS 4.3.1.