The 5D mark III is a way better camera in so many areas. When it comes to IQ, you should see better performance being that it uses the new digic V processor but we have to wait for a good raw converter first. Now, real life raw files will probably only see a 1 stop difference in ISO performance, but everything should all around be better. On a separate note, it is a much beefier camera, faster frame rate, better autofocus, better metering, better grip, better controls, super silent shooting, longer batt life, 2nd card slot...tons of new improvements that just make this an overall better camera to use, even if IQ was the same...which it likely will not be.