Here's an excerpt from the announcement:
The current release of Fedora Repository is 3.2.1 is a minor upgrade that addresses a security issue discovered in Fedora 3.2. . . .
Included within is the long-awaited, web-based administrative client, initial integration with the emerging Akubra storage-abstraction layer, many useful bug fixes, and the experimental release of a Fedora decoupled from the familiar 'fedora' context path.