Calico version 3 has been released with several new features, including storing data in etcd version 3, running Felix on Windows in policy-only mode, supporting migration from Calico v2.6.5, and enhancements to the calicoctl command line utility. It also includes changes such as assigning host veth pairs a standard MAC address, offering an environment variable to clean up old CNI configuration data, and removing support for deprecated etcd configuration variables. However, it has some limitations including only being offered for Kubernetes, OpenShift, and host endpoints integrations currently, and not supporting GoBGP or route reflector clustering.