It gets better.
I was talking to the guys from the Texas Ammunition Company at the NRA show -
http://www.texas-ammo.com/ - they've just worked up a .32Mag load that uses an 85grain JHP.
Get this: it'll do over 1,000fps from a 1&7/8ths barrel snubby.
OK, now we're talkin'. That's a better option than most non-plus-P .38 fodder, because the extra speed should be enough to open the JHP.
It's not on their web page yet. I would recommend EMailing 'em, making sure that's actually the bunch. This fodder might cause people to totally re-think .38snubbies. Six of these wouldn't leave you "undergunned" for most situations.
Cor-Bon was also working on a solution. They were playing around with a 60-grain Gold Dot slug normally used for .32ACP, driven at 1,200fps or so from a 2" barrel. While that sounds good, I'm not sure that's a great idea because it would only do 800-900 in .32ACP so the slug might "shed the nosecone" at higher velocity (where the slug mushrooms all right, but then the mushroom falls apart and you end up with a lighter .33cal or so projectile after the first few inches).
Cor-Bon says they cancelled the project due to not enough market.
You can also shoot .32ACP in these guns
. Only problem is, the ejector star won't work right with the ultra-small rims on the .32ACP but there IS enough rim there to allow 'em to shoot. Eject 'em with the back of a pen or cleaning rod
. You can also shoot .32S&W and .32S&WLong with proper ejection.
I want NAA to make a single action minirevolver in .32Mag
. Just "scale up" the Black Widow some - you'd get something way smaller than a J-Frame class DA gun.