My, oh my...
Spent a few rounds today in my KelTec P32, and yeah, rimlock is real.
I had it happen twice, I could've sworn I was being careful loading the magazines, and one of the rimlocked mags was the one I was carrying.
And yes, I had rimlock stop my firing. So don't believe that the slide/recoil will overcome rimlock. It'll stop your shooting cold. The gent earlier who said he was carrying a .32 derringer couldn't have been more right.
An interesting note, I also experienced to failures to eject using HydraShok, but CorBon functioned perfectly, if you discount the rimlock that stopped me on my second round. I had to take the magazine baseplate off...
I love my little .32, but I'm thinking it may get sold to finance a 1911 or a j-frame...