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No, the V3 doesn't have dictionary support, AFAIK. (But then, I didn't know you could use your own fonts on the V3, so who knows...)
And yes, I think it was worth it. I'd like to see the bugs fixed (occasional freezes, no named entity support in html and FB2 files, RAR and ZIP support spotty), the documentation improved (ZIP support, font upload), and Mobipocket support added (in that order), but the device is usable as is and except for the occasional freeze, all these issues can be worked around, at least by an experienced user.
That said, I wouldn't recommend the V3 for just everyone. For the average user, the CyBook Gen3 or the Sony PRS-505 probably provide the smoother experience. Both of these were hot contenders for my money, but the complete lack of support outside the USA essentially killed the Sony, and the price combined with the (perceived) support problems from Bookeen made me choose the V3 over the CyBook.
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