Pallies will be fine in 3.2. There are some changes, but they will still be a solid class for boxing.

For PvE there is a nerf and a minor buff:
- Exorcism moving to a 1.5 sec cast. However the flip side is that it will once again affect players and will become an instant again when Art of War procs. Nerf - since up until now I have been using AoW procs for spot healing on my tank.
- Vindication changed to an AP reduction similar to demo shout for warriors. Minor buff for any PvE group without a warrior (since it doesnt stack with demo shout), as mob secondary stats like crit aren't affected by primary stats, and most bosses were immune to it anyway.

For PvP there are some minor nerfs and buffs:
- Seal of Blood/Martyr are being removed, and in return Seal of Command and Seal of Corruption/Vengeance are being buffed. It's still being debated which one will be better for PvP...
- Crusader Strike damage nerfed to 75% weapon damage, but cooldown reduced to 4 secs (currently 6 secs & 110% weapon damage). Little bit better damge, but over a longer time frame. Will be interesting to see how this affects rotations.
- Vindication changed to an AP reduction similar to demo shout for warriors. Nerf, since it loses it's scaling and is replaced by a flat number.