Well, if the screen was displaying "Restarting" and you could reboot/reset the device (first the blue light, then the flashing green one visible for about 10 seconds), than we had exactly the same issue.
Curiously enough I don't get 2.3.2 when syncing with kobo. They just give me 2.3.1 and say I'm "up to date". 2.3.2 does improve a lot of things, incl. longer battery life, fixing the annoying 'jump to the wrong page when reopening a book' bug and much (much much) better handling of PDF's.