How much will you be using the S-pen?
This is really the question it boils down to. Also, I guess a secondary question is: How important is the extra large screen size to you? But, honestly, the main defining feature of the Note is the s-pen and what it enables. Are you someone who will take advantage of that? Are you looking forward to handwriting recognition? Are you looking forward to artistic flourishes for your photos? Are you looking forward to wacom-tablet like usability? If not, then maybe the S3 is the perfect device for you. I have to admit, I was tempted with the Best Buy deal. For a budget minded person such as myself, a $99 S3 vs a $299 Note2 (assuming) is definitely something to consider. An extra $200 can go to lots of useful places, especially considering how good the S3 is. On the other hand, the Note 2 has the larger screen and that interesting feature known as the S-pen. Are you willing to pay an extra $200 for those? If yes, then there's your answer.