After #2, I think #3 has the most architectural merit of the 8 Pinehurst resort courses. There are some very interesting greens and good holes on the course. And, I guarantee you will not shoot as low as you think you will just looking at the scorecard. However, I almost never play #3. Because a lot of the older members play it, the fairways and greens are often very shaggy. If the #3 course was maintained better (it doesn't greens 11 on the stimp and all that, just better than it is) it would be an absolute blast to play.
All along when #4 was being redesigned I said instead of having Fazio to do it they should make it like Old Pinehurst - like what they are doing with #2. The fact is the bones of some great holes are there at Pinehurst, but the skin has gotten a little loose and flabby. I really hope the restoration of #2 is just the beginning but I tend to doubt it. Don't want to get my hopes up.