First off, the wave 3 Micro Vehicles sets were discussed in the thread about the playsets, starting with this post.
Now, as for the sets themselves, I saw all 3 of them today at Target in North Hollywood, CA. The paint work is a little better than the previous waves, but nothing outstanding, and the minifigs are still "ugh" quality. The vehicles aren't bad and I'm not sure if the JSFs are based on the Titanium Series version or not because these seemed sleeker (Obi-Wan's has wings down, Anakin's has wings up, neither are movable). One thing that struck me was how small the ARC-170 was though, it could nearly pass as a Micro Machine.
Anyway, these waves have moved way better than I expected, which should tell Hasbro something about getting more/better product out there. They sport the Micro Machines and Galoob logos on the back, so hopefully this is a turn towards that.