Finally got my hands on the new GoPro 3 Black edition. Mounted it to my head whilst kitesurfing to give the video and photo capabilities a test out. Must say I am very impressed with the quality and it's a vast improvement over v.2. (Ignore the web compression in this video. Source files are clean and crisp!)
The wifi remote is extremely handy to control the GoPro whilst mounted (when it works correctly). I am experiencing some issues with the wifi... It doesn't seem to work all the time, the camera switches itself off and on by itself sometimes and there seems to be a few bugs with the firmware. Hopefully this is sorted out with a firmware upgrade in the near future.
Overall I am very happy with it and plan on using it a whole lot more int he future on various projects.