I have about five piclocs that are all laying around waiting to be thrown out as Nothing in the way of software updates has been able to make them usable. Reliability is not George's strong point but he will get there in the end. V3 is the most ambitious one yet and if it delivers then it will be great. My only concern was that when asked why he used a 500 deg/sec gyro he said that it was to stop people from saturating a higher sensitivity one. As the model is the outer axis then that makes no sense at all because camera movements above 5 deg/sec are useless, why worry what stupid people will do, those people are not going to buy a decent system anyway. If you are attempting to shoot good quality video then you already have a stable model and what you need is a very high sensitivity camera IMU. Using the same full scale range gyros as that which the model uses is totally pointless as you may as well use the Flight controller outputs.
What I found to be most disturbing was that in one of the videos he went on to make a lame excuse about servo backlash. Pro's don't do that. If it's not right then don't show it.
I would want to see some good independent evidence that the latest one works properly before buying one.