I was under the impression that the rule of thumb is too aim 1/3 into the frame to achieve hyperfocal distance and maximum DOF? At least for small aperture, big DOF landscape shots. Only as a rule of thumb though, hyperfocal distance is obviously dependent on aperture, distance to subject and focal length.
Btw Dolby, I don't think shutter speed impacts on DOF at all. And at f32 you will probably see diffraction that may negate any DOF advantages at that aperture. I'm not too sure about the diffraction issue though, maybe someone else can clarify.