Hi!
It's not 300 DPI, it's still PPI ;-), forget about the DPI-stuff, it's totally irrelevant.
A couple of ways to see it:
A3 is twice the area compared to A4, so you would need sqrt(2) times the resolution, something like 300 PPI * 1.414 about 424 PPI. So the 1200 PPI gives you pretty good margin. You may consider using 480 PPI for output if you have an Epson, that's the internal resolution they seem to have. That would be 678 PPI needed on input, 1200 PPI is still safe.
I'd be a bit cautious about scanning photographs. You cannot blow up what 'ain't there'. So if you have 5x7 prints, your mileage may vary. If you are lucky enough to have 5x7 negatives or slides I'd consider going to 2400 PPI.
Something you should consider is output sharpening. When processing sharpening is needed in a couple of steps:
1) Capture sharpening compensates for loss of contrast in camera-lens, film, scanner etc.
2) Output sharpening correct for loss of contrast in the print process
Real World Image Sharpening by Bruce Frazer and Jeff Schewe is a good source of information (or just use Lightroom for printing, it has all built in ;-).
Best regards
Erik
Re: Scanner - 2400ppi x 4800ppi
Yes it's for input so the A4 lineart will be scanned in at 1200 ppi. Then the output will probably be 300dpi at A3 size. Is it more than adequate?
And if I was going to scan in 5x7 photographs and blow them up to A3?