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That's kind of up to you to decide. Are they features you'll use or you want?
You'll find a list of the new features, as well as links to my articles giving a guided tour of the program, in the FAQs at the top of this forum under "What's New in Version 7".
A forum dedicated to Version 7
And here are some free video tutorials and a video tour
Well, I don't have a AVCHD cam, I already use the Organizer in PSE5 to organize my video clips, and PE3 is stable on my PC...sounds like the answer is no.
SmartSound would be nice...I used that with Premiere 6 and enjoyed it a lot.
I suspect the Organizer within PE7 is slick and more accessible during editing than the PSE Organizer, but with my luck the tagging I've already done wouldn't make it through the upgrade and that would cause much "excitement"...
If you are after SmartSound for PE3 you can download here... a free give away from SmartSound. Basically all they have done in PE7 is integrate this giveaway.