Apple just release “7.3.2”:http://www.apple.com/support/downloads/timecapsuleandairportbasestation80211nfirmware732.html which is an update for the firmware and the airport utility running on Macs and Windows. Not clear what it has besides bug fixes.
As with most Airport Extreme and Time Capsule fixes, it isn’t seemless. “Pokrface”:http://episteme.arstechnica.com/eve/forums/a/tpc/f/8300945231/m/726007513931 has problems with it hanging the access points. Going back to 7.3.1 fixed that problem, but the issue appears to be with locking the Ethernet WAN port to 1000/full. The default is autodetect which should work most of the time. This causes the Airport Utility to hang while reading configuration.
“Yves Nadon and others”:http://discussions.apple.com/thread.jspa?threadID=1580385&tstart=0 also reports that his Airport Utility refuses to recognize his Airport Extreme. It also hangs with a “Reading Configuration” message and you get an flashing amber light. So a reset and return to 7.3.1 if you have this issue. Also many times, you have to manual power cycle (that is pull the plug and have it start again after you upgrade the firmware). As with the note agove me7486 has figured out this has to do with the WAN or uplink connection. RJW365 reports that he manually uninstalled the utility on his Mac and this seemed to work. Some had to factory rest their Airport Extreme. You do this by disconneciton power and pushing in the tiny reset button on the back when you connect the power cord and keep holdin it until the light flashes fast.
Here is how you reset at Apple – Support – Discussions – Problems with 7.3.2 …
Start Airport Utility, select your airport (do not double click) and press the button labeled
in the main window. After “Reading airport configuration” the summary page should show. Go to the menubar and select the menu item named “Base Station”, select “Upload Firmware” from the menu list. A window showing Current version (7.3.2) and Upload Version (7.3.2) should appear. If you have the 7.3.1 firmware stored on your airport you can just select it from the pop-up list and press “ok”. If not you’ll have to select “Check for updates” from the “Airport Utility” menu while pressing the key (on windows, the key). This will allow you to download an earlier firmware version. I’d recommend that you use a wired connection to the airport when performing this.