Alert Manager 2010 Version 3.2.2607 Release Notes (February 2012 Update):

http://help.sharepointsolutions.com/products/2010/alertmanager/webframe.html?Release_Notes.html

Download:

http://sharepointsolutions.com/SharePoint-Add-ons/2010-products/Pages/SharePoint-Alert-Support.aspx?productKey=AM2010

After downloading, run the setup executable to install. After installation completes, be sure to run the Alert Manager 2010 Component Configuration Manager and select the Upgrade option.

ExCM 2010 Release Notes
http://help.sharepointsolutions.com/products/2010/excm/ReleaseNotes.html#October_2011_Cumulative_Update

Alert Manager 2010 Version 3.2.2120 Release Notes (September 2011 Update 2):

http://help.sharepointsolutions.com/products/2010/alertmanager/webframe.html?Release_Notes.html

Download:

http://sharepointsolutions.com/SharePoint-Add-ons/2010-products/Pages/SharePoint-Alert-Support.aspx?productKey=AM2010

After downloading, run the setup executable to install.  After installation completes, run the Alert Manager 2010 Component Configuration wizard and select the Upgrade option.

• Symptom: Fixed bug where an alert could not be created for the members of SharePoint Group using just the default alert template.
• Symptom:Fixed bug where Manage Alerts page's grouping by list or user feature would not function correctly in certain scenarios.
• Symptom:Fixed bug where Manage Alerts page's filtering by list or user feature would not function correctly in certain scenarios.
• Symptom:Fixed bug where Manage Alerts page's delete alert feature would not function correctly in certain scenarios.
• Symptom:Fixed bug where Manage Alerts page's site selector feature would not function correctly in certain scenarios.