The default kernel for Slackware-Current has been raised to 3.2.7, the latest stable kernel released by Greg a week ago. This version has integrated the latest ASPM patches (on 3.2.5) that should reduce power consumption when being used on portable devices such as laptop and netbooks.
There isn't so much progress on Slackware-Current, but i believe Pat is taking his time to decide what should be included in the next Slackware release. Right now, the Xorg stack is stabilizing after Intel released their quarterly package and it should be fully working with Linux Kernel 3.2.7 and related packages, such as Mesa. Hopefully we will have a nice and working out-of-the-box, less painfull Xorg stack in the next Slackware release.