The PCIII works great and it fits 2009 and older. DynoJet is saying that the 2010-2011 will require the PCV, but I don't see why ... They have yet to give a good reason. And since they don't have a working PCV for the R3 yet anyway .....
It's true that it doesn't do anything for the timing, but a GiPro fixes that.
Triple filters, exhaust, removing the secondaries, a GiPro, PCIII and a good dyno tune from a qualified DynoJet dealer will net you just as much if not more power than TuneBoy or TuneECU. They require less tinkering and don't screw with the bike's ECU or alter the Triumph software. Simply removing the unit restores the bike to stock settings, and there are alot more shops dealing with Power Commander than altering the ECU software. You just bolt on the goodies, have it dyno-tuned ... and Presto! Easy peezy.
They all work, you just have to decide how deep you want to wade in to the water.