The blue behind the headlines (Recent News, Categories, Featured Review, etc) on V2 looks much nicer.
The text, Join The Newsletter and Join The Forums looks a lot better on V3. It's too bold on V2.
Categories might not be too bad on the home page. It makes things a bit simpler to find, but I recommend adding more categories.
Put the navigation in some sort of order. Maybe "Wii - 360 - PS3 - DS - PSP - PS2 - Xbox - Gamecube." "Wii - 360 - PS3" would be the next gen consoles in order by sales, and they are the active home consoles. "DS - PSP" would be in order by sales, and they are the active handheld systems. "PS2 - Xbox - Gamecube" would be in order by sales, and they are the last gen consoles.