1) "compat32-libraries-1.1.02_13.37-x86_64-2ftm.xzm"
64bit edition of Porteus has support for executing of 32bit applications built into kernel.
However, applications which are not compiled statically still needs 32bit shared libraries to run.
Please download and activate compat32-libraries module if you want to run 32bit applications
(wine, teamviewer, adobe reader, etc).

2) "linux-3.4.9"
Kernel and initrd update for porteus-1.2 which fixes issues mentioned in this forum post:
http://porteus.org/forum/viewtopic.php?f=35&t=1472
crippled_sources and GPU drivers/VortualBox are recompiled against new kernel version.