The 3.4 merge window remains open, so there is no current
development kernel. See the article below for a summary of changes pulled
in for the 3.4 release.
Stable updates: the 3.0.26 and 3.2.13 updates were released on March 23;
each contains a small set of important fixes.
The 2.6.34.11 update came out on March 22; it
has a much longer list of fixes.