Is there any chance you have the URL to the web sight you found this information at?
I would be interested in the LePan lll, but the sight I saw this information on said the LePan ll would be out by the end of Jan and there was no release date or price yet given for the LePan lll.
I think by the time the model 3 hits the shelves it will be shipping with ICS pre-installed, and there will be no update process.
here is the link:
Press Release , Le Pan