Yes, I have the exact same issue. I am running XP Professional and LimeWire 3.2.0 Pro. Initially works, then locks up. Then works, then locks up ... you get the idea.

And it happens every time I start the program. I have to admit that 3.2.0 seems to do it less than 3.1.0, but I am still disappointed. Hopefully this gets resolved soon. I check the update page regularly hoping for the best.