You must upgrade from Wp-Insert 1.7.3 to a 1.7.4 before upgrading to WordPress 3.2+ or you will lose your Admin menu. In case you have upgraded WordPress already, upgrading Wp-Insert via FTP will fix the issue.

WP-INSERT by Smart Logix : The ultimate wordpress plugin
Wp-Insert is the most powerful yet easiest to use wordpress ad management plugin which does a lot more than ad management.
Wp-Insert can manage your feeds, google analytics, blog editing and even make editing your themes easier for you.
All from within a well contained and easy to use interface.

Features:

Manage Ads Multiple Ad Network Support. (You can now run any ad-network along with adsense or any other network) In post ads – Allows you to insert your ads around and inside your content

    Allows copy/past of html, adsense and other ads code
    Insert Ads above the content
    Insert Ads below the content
    Insert Ads in the middle of the content (Automatically adjusts to the length of content eliminating ads on short posts)
    Insert Ads to the left of the post
    Insert ads to the right of the post
    Option to show/hide ads on Home Page
    Option to show/hide ads on Archive/Category/Tag Pages
    Option to fiter ads from specified posts/pages (With Popup picker for selecting the posts / pages)

    Option to control each and every ad

    10 ad widgets at your disposal

    Go to the widgets page under “Appearance” and place the widgets onto the sidebars you want the ads to appear onto
    Option to style the Ads

    Support for upto three different Ad networks all delivering at the same time

    20 custom ad areas compatible with all themes.

    Now insert Ads anywhere on your site.
    Indivigually control each ads.

    Try different ad sizes and positions easily.

    Run adsense ads along with yahoo, adbrite, chitika or any other ad network without interfering with the terms of each network.

Manage Privacy Policy:

    Readymade Adsense Compatible privacy policy for your site.
    Create a Privacy policy page without even typing a Word.
    Assign Privacy Policy to an existing page or create one automatically.
    WYSIWYG Editor to finetune the Privacy Policy to your requirements.

Manage Terms and Conditions:

    Readymade general Terms and Conditions for your site.
    Create a Terms and Conditions page without even typing a Word.
    Assign Terms and Conditions to an existing page or create one automatically.
    WYSIWYG Editor to finetune the Terms and Conditions to your requirements.

Manage Pages:

    Reorder Pages using a drag and drop interface.

Manage Feeds:

    Your logo in your feeds
    Insert Ads into feeds
    Link your feeds to feedburner (Experimental)
    Subscribe via Email widge
    Subscribe to feed widget

Manage Tracking Codes:

    Insert Google Analytics tracking onto all you blog pages instantly
    Paste other tracking code into the header or footer of your blog

Manage WYSIWYG editing:

    Replace TINY MCE with FCK EDITOR
    Disable auto formatting done by wordpress (Stops the annoying autoformatting done by wordpress. You can now write your posts as you intented to write it. Also allows you to paste in javascript etc easily into your posts/pages)
    WYSIWYG Category description Editor
    WYSIWYG Excerpt Editor

Syntax Highlighting:

    Syntax HighLighting for theme editor
    Syntax Highlighting for plugin editor
    Different highlighting for different file types
    Syntax Highlighting for Code snippets in posts and pages
    Syntax Highlighting for Code in post and pages using shortcodes and custom fields.

Miscellaneous Options:

    Several miscellaneous Options

All these features in an easy to use and novice user friendly interface which can still cater to the geekiest of webmasters.

Get plutin WP-INSERT here!