I would say fedora 3 is fine, but I am a noob; however, this could be a good thing, because I use fedora 2, and if I can use it, you should have no problem. I only have one issue with fedora 2, and that is the dual install of it and windows xp. But, from what I have read, this is only a problem with the grub that comes with fedora 2. So, if you install fedora 3 then you will probably have no problem. When I went into one of the fedora irc channels, people recommended that if I wanted to use a dual boot with windows xp and fedora, then I should use fedora 3 instead of 2.
I hope that sounds clear, I am really tired, and am writing terribly.