I had the same issue on my new Cybershot TX5 when I had put my memory card back in the camera after taking pictures off it on my computer. I'm guessing I didn't remove it properly. I actually fixed it pretty easily by just locking and then unlocking the card and reinserting it.

I had the same problem on my Sony Cyber-shot H55 I just bought last month. Error C:32:01 was the problem. It could be your camera was hit/too much vibration while on the video or still camera mode was on, when this happened it will produce an error to the memory card. It could be fixed by formatting the memory card in your destop/laptop computer. After you have done the formatting of the memory card and the error happened again that means your card was already damage completely. I tried all these solution until I finally bought a new memory card, in which my camera is working find now with the new card. Todays date(April 24, 2010).