Just an FYI - tryrethink.info and my blog (nick.stinemat.es) are both running on 3.2.0-48. While it is not the recommended configuration, I haven't had any kernel related issues.
ubuntu:~$ uname -a
Linux ip-10-85-147-7 3.2.0-36-virtual #57-Ubuntu SMP Tue Jan 8 22:04:49 UTC 2013 x86_64 x86_64 x86_64 GNU/Linux
ubuntu:~$ lsb_release -a
No LSB modules are available.
Distributor ID: Ubuntu
Description: Ubuntu 12.04.1 LTS
Release: 12.04
Codename: precise