The anonymous dethroned Jakub 'bezo' Sopel in the finals with a 2-1 end result. This week's challenge featured a number of well known competitive players, including Zakari 'ZFreeK' Freedman, Rasmus 'Chessie' Blomdin, Jonatan 'fajn`' Rauthing, Robin 'FearTheZap' Anderberg and Daniel 'CaptainBoner' Larsson - none of which lived up to the expectation and were knocked out of the tournament by unknown and/or up-and-coming players.
1st - 'FIbEli3' - $40
2nd - 'bezo' - $20
3rd - 'Chewie'/'mirrorage' - $10
The hero pool for the It's Gosu 1v1 Challenge #3 focused on popular sololaning heroes, with the exception of Tempest in the last round, which is played in a more jungling role in Heroes of Newerth.
Round 2 - Hellbringer
Round 3 - Pharaoh
Round 4 - Blood Hunter
Round 5 - Magmus
Round 6 - Pollywog Priest
Round 7 - Tempest
The next issue of the tournament has already been announced and it will feature a prize pool of 2600 gold coins and 30$. The challenge will take place on Sunday, March 4th at 12:00PM PST / 18:00 CET.

Links
It's Gosu - Source
It's Gosu - 1v1 Challenge #4 announcement