Either DS is trolling everyone by keeping its version number on v3.x, or they expect v4 to be a massive jump.
I did some testing and read a bunch of other people's comment. It seems to me that this V3.2 Speciale release is actually SOTA and came much quicker after Gemini 3.0 Pro release. So unlike what some people would like to think, DeepSeek is still the top AI lab in China and it is closer in timeline to closed source labs than any other Chinese AI lab.