I have my S3s arrived yesterday, but some of my PSU just won't start properly even with the paper clip trick.
I would be careful if it's not working there is a good chance you are not making contact, or something is wrong. If done right it's just like a computer switch. If you stick in wrong two can not be a good thing
If done wrong with paperclip and don't know what your doing it can be bad. Remember electricity is involved. This isn't really something that does not work, if you do it right it's just like switch. So any trouble is a worry to hear on this.
They do make switches there are some group buys starting for the new S3 PSU switch they are making.