No. Releases are made through openacs.org. CVS only hosts the CVS tree for 3.2.x. The 4.x tree is hosted at openacs.org.
Here's a report:
I am still writing the last pieces of the upgrade-openacs-3.2.4-3.2.5 script (committed a bunch of ecommerce stuff and for other modules yesterday). I still need to include things to upgrade portals and other modules whose data model was changed.
I was able to apply part of the Intranet patch (not commited yet). But 4 or 5 files came up with rejects so I am still working with Chris Hardy on that.
And there's new-file-storage to uploade new-file-storage-defs.tcl (hint, hint).
I know there are a lot of folks anxious to get their hands on 3.2.5. We are too! But we are trying to ensure we'll have a good product released, so have a little more patience please.