We’re going to officially support BuddyPress 3.2.0 in our next major release of CBOX scheduled in the next month or so.
Until then, similar to your previous post about CBOX Theme and the activation key problem, there are also some additional issues that I’ve outlined here:
You can manually apply some of those fixes if you want to upgrade to BuddyPress 3.2.0 in the meantime.
If you run any 3rd-party BuddyPress plugins, there might also be some incompatibility issues. If you do run into any problems, please let us know.