It would be more accurate to say that V3 is reduced in price, since the base model is fairly useless without the morphs.

I dunno.... The speech and expression morphs are now included in the base, and the spandex morph is included in the body, so you can fake clothing for her. And there's lots of free textures and clothing for her available.

Yes, you have to pay for the other head and body morphs. But judging from the galleries, most people never use those. ;-)