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[solid7x2]

the update will not brick the wii, unless its from a different region than your wii...

For example, if you have a USA wii and run a japanese update off a game, it will brick.

I would run the update from the menus instead of off the disk.

I havent tried updating yet to v 3.2, but I will be doing so soon.  The worst that would happen is your modchip wont work anymore.  If this happens Infectus would release a new version to fix it.

I dont think this would happen because there hasnt been any traffic of it on the forums.

Also I think its safe to play online.  The chips are supposed to be undetectable.