Jason KC5HWB posted a nice review of the Baofeng GT-3 on his blog http://grapevinehamradio.com/.
The outcome is more or less what I expected: apart from the price not much really changed. After reading other reports the only thing I expected to be better is the squelch, but no word about that. Pity of the poor stock antenna that comes with the radio. At this price point you would expect something better like the UV-B5 or UV-82 antenna (which are identical, BTW).
The radio isn’t worth the $62 price tag, though I expect this to go down after it has been on the market for a while. I would rather have the BaoFeng UV-82 that is currently listed for $39 on Amazon. It performs better, has a better antenna, and is more sturdy than the GT-3.
My final assessment is that the radio works as expected, it small and light-weight, but is too expensive. Currently the UV-5R on Amazon is less than $30 while this one is still priced at $62. I’d say buy 2 of the UV-5Rs before spending money for a radio that is basically the same, but just looks different.