We consider possible assignments for the D$_{sJ}^+(2632)$, which was recently reported in D$_s^+eta$ and D$^0$K$^+$ final states by the SELEX Collaboration at Fermilab. The most plausible quark model assignment for this state is the first radial excitation ($2^3S_1$) of the $cbar s$ D$_s^*(2112)$, although the predicted mass and strong decay branching fractions for this assignment are not in agreement with the SELEX data. The reported dominance of D$_seta$ over DK appears especially problematic. An intriguing similarity to the K$^*(1414)$ is noted. $2^3S_1$--$^3D_1$ configuration mixing is also considered, and we find that this effect is unlikely to resolve the branching fraction discrepancy. Other interpretations as a $cbar s$-hybrid or a two-meson molecule are also considered, but appear unlikely. Thus, if this state is confirmed, it will require reconsideration of the systematics of charmed meson spectroscopy and strong decays.
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