Yes Virginia, there is a Santa Claus and yes, you can do development on the iPhone SDK 3.2 Beta, monotouch, monodevelop, C#, and the iPhone today. I did a check of the System Information and boom, the System Version reports 3.2.
PS. Somebody on twitter thinks that the picture I had posted with this was an NDA violation. I have no idea if it is or isn't, since I can't find the NDA on the Apple developer site. I decided to delete the pic from the post and move on.