Whether it's "good" or "bad" ultimately depends on your context:
* Your goals: If you're aiming for a highly competitive graduate program, a 3.2 might be considered less competitive than a higher GPA. For other post-graduate options or employment, it could be perfectly adequate, especially when coupled with strong extracurricular activities, work experience, and recommendations.
* Your major: GPAs vary by major. A 3.2 in a very challenging major like engineering might be more impressive than a 3.2 in a less demanding major.
* The institution: A 3.2 at a highly selective university might be considered less impressive than a 3.2 at a less selective university.
In short, it's a respectable GPA, but there's always room for improvement depending on your aspirations.