I guess it depends--if your child is home with you, it might feel like a big step. Our kid was in FT daycare since we both work FT, so the transition to PK3 at our neighborhood school was pretty seamless. Not sure what school this is, but for us, it did not feel too academic (although they did work on writing, word and # recognition, etc.). It was a great year, and now kid is a kindergartner at the same school and is thriving with friends she made in PK3.
Really, the ONLY thing I didn't like is that they only get 30 min of recess, which is too little, IMO. Everything else was great. I'd say the main focus is socioemotional in PK3.