First let me address some of the criticisms. Several people complained about the size of the font. I compared the font in this standard size third edition to my second edition in the personal size. The font in this third edition is larger.
If it's too small for you, it's too small for you. But if you had a second edition and the type was fine, this one will be as well.
As for the reviewer that was irate that the verse was translated as "blessed are the poor" rather than "blessed are the poor in spirit" (ie the humble), he's right, the Greek does say "poor in spirit."
However, that is a translation issue, not an issue with this edition. I would take that up with the translating committee. But I don't think translating the passage in that way makes this translation the work of Satan.
I love the NLT and I love the Life Application study Bible. I used my second edition so much that I literally wore it out. (I have a flip through in honor of it's retirement on my YouTube Channel, Raised to Walk).
The obvious difference between the second and third editions is the color callouts of the commentary. Not only is it aesthetically more pleasing, but as I was comparing the two, I was surprised at how many of the resources I missed while using my 2nd edition. The color really does help you notice all the resources.
Other than the color and the formatting, I really didn't notice that much difference between the 2nd and 3rd editions. Tyndale stated that there is 30 percent more notes and that they reworded some of the language of the commentary to bring it up to date. I don't doubt they did, I just didn't notice it.
Overall, this is a Bible that I would recommend to anyone.