I have a WP 3.3.2 site and i use the google analytics code.
Though everything seems ok with the results i get there is an error. All visitors drop off after homepage.
You can check the image here. ! http://imgur.com/shyNX
I change position of the GA code and from just before < / body> i moved it to just before < / head> and now i use a wordpress plugin for this work.
Still nothing changes.