I assume just like the no notifications, a hotfix fully replaces the original version. The changelog had its 2.32.0 entry updated to say "2.32.1 -- bug fix -- There was a regression in 2.32.0 that caused conversion to PDF to fail, the fix for this was released in 2.32.1". No mention otherwise of 2.32.0
I am also happy to see the version bump.