Sn0wBreeze 2.6 jailbreak tool for iOS 4.3.2 is out there for Windows users that supports iPhone 4, 3GS, iPod Touch 4G, 3G and iPad 1.
Just like PwnageTool 4.3.2 and RedSn0w 0.9.6 RC14, Sn0wBreeze 2.6 can also create custom IPSW and also preserves baseband of your iPhone 4 and 3GS that makes possible to unlock iOS 4.3.2 with UltraSn0w.
The guide below will help you to jailbreak iOS 4.3.2 with Sn0wBreeze 2.6.
Create a folder on your desktop and download all required stuff available below in that folder
Double click on Sn0wBreeze.exe, click Ok and then click Close Credits button and hit next arrow to proceed
Drag & drop your downloaded iOS 4.3.2 firmware file on Sn0wBreeze screen or browse it from your system and hit blue arrow to go next
Sn0wBreeze will process to identify the IPSW firmware, and on completion go next
Click Expert Mode and click next button then choose General option
The iPhone users who rely on unlock must mark the check box followed byActivate The iPhone [Hacktivate] option and click next
Click on Build IPSW button and go next, Sn0wBreeze will start custom firmware building process and during that you may play PacMan game to kill your time or just wait with patience
On completion you will find custom firmware file on your desktop
Follow the on screen instructions to put your iDevice into Pwned DFU state and when your device successfully entered into Pwned DFU state Sn0wBreeze will prompt a message so hit OK
Launch iTunes, hold down Shift key and click Restore button
Click on Browse button to select recently created custom firmware file from your desktop
Sn0wBreeze will start iOS 4.3.2 restore on your iDevice and on completion all is done
Enjoy, your iDevice is now running over jailbroken iOS 4.3.2.