The price point argument is BS to me. $100 is only "cheap" relatively speaking. It's still $100. We're not talking about $9.98 toys you can pick up from Walmart.
In any case, no, I don't think we'll see a V3 from Arcadia. Given Arcadia's current pricing, who's going to pay that much for a slightly improved VF-1? I imagine only the most hardcore collectors, and they probably already have a substantial VF-1 collection.
If they could manage it at a good price point, say $150 for a new, improved VF-1, then it might be worthwhile.
I'd be much happier if they would reissue past releases, especially some of the hard to find items. I'd gladly pay $180 for a super ostrich reissue.