Ok, so I had some issues with a genuine 2332-I also.
Here are my notes.
I had a 2332-I with 5.2.0 on it from the factory. I upgraded it to 5.2.5 as found floating around on the forum in the downgrader package by
tftp. Once I did that I was unable to load any other firmware on the camera. When I next tried to tftp a firmware to the camera, it wiped the flash and refused to accept the update. It was just stuck in min system mode.
I got into the camera with the serial console and managed to clone the mtd across from one of the others that is working and was back up and running.
Long story short. Upgrading to 5.2.5 using the web interface appears to be fine, but upgrading it using tftp leaves the camera broken (in that you can no longer change the firmware version).
I didn't do any more investigation into why that is/was, but I have a big note in my 5.2.5 directory not to tftp it to a camera for that reason.
I have 4 2332-I and a 2532F-I all running 5.2.5 that were upgraded using the same binary via the web interface, and I can up/downgrade those at will. The other 2332-I is now running the same version upgraded from 5.2.0 using the web interface and that's all good to, but if I were to tftp it to the camera I'd be stuck in the same situation.
I don't know what mods are made to that version in the downgrader, but the console kept spitting out language mismatches when I tried to tftp a firmware to the camera. Bear in mind all my cameras are genuine CCWR units.
What the heck, I learned about the serial console, how the mtd was structured and recovered the camera, so it wasn't a total loss.