Like many I just did the update to 3.2 and have some bugs to work out. I updated also Buddypress to 1.2.9 and all other plug ins which had updates.
My homepage opens but after the search bar with user name I have no content on my homepage and my drop down menu does not work. It shows and when you hover the color changes but tends to stick to the hover color for several seconds on all tabs you hover over.
I switched to the default BP theme and the home page shows up. I did have a customized page setup from the default network theme which could be the issue. Either way I need help figure things out to get it fixed.
UPDATE !! I just changed to the default Network theme and the home page content shows up with the default box look but the menu isn't there. It doesn't show in the child theme though.