Sure do! Here's the whole setup, with Sonic 3 & Knuckles stuck on a Game Genie just to be silly.
http://i.imgur.com/FLByweM.jpg
I haven't tested out the CD yet but the 32X is working fine, though I don't currently have any 32X games so I can only test with Genesis titles.
http://i.imgur.com/FLByweM.jpg
I haven't tested out the CD yet but the 32X is working fine, though I don't currently have any 32X games so I can only test with Genesis titles.