I find I work more effectively when I have deadlines to worry about 
(being a procrastinator by nature), so I thought I'd propose the 
following roadmap.

Mar 20: 3.3-dev   - snapshot for testing
Apr  1: 3.2.9     - bugfix release
May  1: 3.3-dev   - snapshot for testing
Jun 15: 3.3-dev   - snapshot for testing
Jul 15: 3.3       - feature freeze
Aug  1: 3.3.0     - first 3.3 beta
                   - branches/3.3.x created
                   - work on trunk resumes
                   - beta cycle proceeds independent of dev work
Sep 15: 3.3.y     - 3.3 final released (hopefully)

For the development snapshots I'd just roll a tarball from trunk and 
make a call to the community for testing help. Hopefully we'll catch new 
bugs and regressions early so that the actual beta cycle will be much 
shorter. There would be *no* freeze during the snapshot tests. Work on 
trunk can continue while we wait for the test feedback.

Graham suggested a number of issues when we were considering a 3.2.8 
bugfix release. In the end 3.2.8 was a security release, but the rest of 
the list is still valid.

MODPYTHON-77
   The Simplified GIL Aquisition patches.
   Fixed in trunk, Jim will backport.

MODPYTHON-78
  Apache 2.2 patches.
  Fixed in trunk and backported to branches/3.2.x

MODPYTHON-94
  Support for optional mod_ssl functions on request object.
  Fixed in trunk, Jim will backport.

MODPYTHON-119
  DBM Session test patches.
  Fixed in trunk and backported to branches/3.2.x

MODPYTHON-122
  Bash 3.1.X configure patches.
  Fixed in trunk and backported to branches/3.2.x

MODPYTHON-131
   Make mutex directory configurable.
   Fixed in trunk, Jim will backport
   This fix depends on MODPYTHON-137.

New issues to consider for inclusion:

MODPYTHON-137
  Add req.server.get_options() for obtain PythonOption values set at 
global level.
  Fixed in trunk.

MODPYTHON-145
   Make number of mutex locks configurable at apache startup
   Fixed in trunk.
   This issue touches the same code as MODPYTHON-131. Backporting
131 will be easier if this one is included.

Any other issues for a 3.2.9 release?
(This is where Mike L. should advocate for MODPYTHON-93 - Improved 
FieldStorage. ;) )

Jim