There is a lot of debate generally in this Forum on the apparent strengths and weaknesses of various raw processors with specific raw file formats. For example, Phase users swear by C1, 'Blad users by Phocus, and so on. It seems to me that a lot of this debate somewhat misses the point, because the protagonists of these raw format / software combinations are judging the issue on the basis of a 100% view on their PC monitor. However, the real arbiter of quality is the final print. And this is where we have to judge results, by the A4, A3, A2 or whatever size of print in the hand or on the wall. Lightroom's print quality is truly excellent, and in most cases it seems to me that you will have a better final print using LR as raw developer, editor and print spooler despite any small differences you might think you see on screen at 100% using some other raw processor.
So to judge the difference between LR2 and LR3 I would (and do) compare the same size print from the same image file in my hand at normal viewing distance. And for my 3FR files, I can see no difference.
Which saves me 75 quid in upgrade costs
John