First, thanks for that link to Paragon's thread. A couple of my players -- the power-gamer and (especially) the power-gamer wannabe -- have already stumbled upon a few of the troublesome things Paragon's collected. I made a post to the game wave saying, essentially, "Cut this crap out, or I'll take steps."
Second, I am growing more excited about the prospect of M&M3, despite having just freakin' started my M&M playing/GMing career.
Third (and this is a pipe-dream), I wish GR would pick 100 people, at random or based on a short survey, to review the M&M3 rules before they go to the printer. It'd be so nice to cull typos and obvious flubs before paying $35 for the first printing of a rulebook.