it means that the ram runs 3.20 times faster than your FSB in DDR2....keep it at 2.0 for a 1:1 ratio. That means if your FSB is at 400 and it's at 2.0, your ram would run at DDR2-800 which is where you want it. Basically 2.0 is all you will want to make it a good ratio.
can I just leave it on auto and will it autodetect what it needs?
Overclocking Quads on Gigabyte P35-DS3R - Page 2 - Guru3D.com Forums
this guy set it to 3.2 althought I dont even see that option, theres a 3 option thought