I'm posting this reply on my Logitech Revue running 3.2 having received the firmware update automagically at around 4.30 this morning.
It is significantly faster in every respect. Dare I say, may actually be working like it should have when it was released nearly two years ago.
I am located in Seattle, and did not clear my system framework, nor did I perform a hard reset, or a soft reset for that matter. People - Relax. It's just a firmware update. Leave your system alone, and let it update according to the roll-out schedule.
/e