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3.2 is "improved" in that it has Lua physics simulation and text anti-aliasing (which is really ugly IMO)
I'd definitely recommend a CX. It has much more storage space than the non CX models. The non CX models are also know for having very crappy LCDs, where with the CX, you get a nice colour display.
Well, the Prizm lacks a CAS completely. From a programming standpoint, it's completely open though. You actually can find the Nspire CX(non CAS) for a decent price if you have access to Ebay, but it may take some time looking. I got mine for $70. I'd guess the same holds true for the CAS models too, I just happened to be looking for the non CAS.