Trying to Upgrade iPhone 4 to iOS 4.3.2 Crashes iTunes 10.2.1 on Mac OS X

I have an iPhone 4 and when I plugged it in, iTunes notified me that iOS 4.3.2 was available. I clicked on the "Download and Upgrade" button and then from the iPhone Software Update dialog clicked on the "Next" button and then the "Agree" button. At this point, iTunes crashes.
My MBP is up to date as far as software updates.
My iPad upgraded to 4.3.2 fine. Any ideas/help would be appreciated.

Same thing happens to me.
Says
Exception Type:  EXC_BAD_ACCESS (SIGBUS)
Exception Codes: KERN_PROTECTION_FAILURE at 0x0000000000000207
Crashed Thread:  16

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