Lester,
Yes, that photo is from 1932 (or 1931), taken after this section of staterooms on Olympic were converted to Tourist Class cabins. There is little in the photo which resembles what it once looked like - or what it would have looked like on Titanic. The sofa is pretty much the only piece of furniture (visible) which would have been there since 1911.
I'll have to check what the Olympic room number was, but this stateroom is in the same location as Titanic's E 68.
Also, the staterooms on E Deck were not all the same. The fore staterooms were geared towards 1st Class passengers, while the aft staterooms were furnished with the intent of 2nd Class passenger use in mind, and the fittings reflected that.
Regards,
Daniel.