WordPress rolled out another update (3.1.4) today. This is a critical security update and you must upgrade your WordPress installation if you run a multi-authored blog. This security update fixes a bug that let any editor level user to get admin access to WordPress your site.
WordPress 3.2 RC3 was also released today. It integrates all the security update of 3.1.4. This seems to be final RC release before WordPress 3.2 is rolled out.
Do let me know if you see any issues updating WordPress to latest 3.1.4 version and in case if you don’t want to do it yourself, then you can hire me for the WordPress Upgrade Service.