We bought this faucet to replace our existing faucet w/side sprayer system.  This new one is much better designed, simpler and cleaner look and was extremely simple to install.  The new/simpler hose set up allowed me to get rid of a lot of the previous hoses I had to use and provide plenty of hose length to reach the water spigots.

The one consideration I have for folks covering a 3-hole setup, make sure the diameter of all the holes fit entirely under the plate.  The provided base plate tapers at its ends and I found that the holes drilled in the sink went right to the edges, just barely being covered by the plate.  This allowed for leaks around the plate when water dripped on the plate so I ended up caulking the edges of the plate.

Overall, love this new faucet as it's smooth in operation and looks great!