Originally posted by Class A Falk's proposal sounds really nice but I wonder how exposure compensation comes into it.
EV compensation working on more than one dial (where you're right it's useful) would require an EV button if you want to avoid a fourth dial
I would use the ISO dial: press the EV button and turn ISO to change EV compensation. This is natural considering that mechanical film bodies did the same: EV compensation shifted the ISO setting and it was often done mechanically within a single ISO dial.
So, I would display the current compensation value on top of the ISO dial.
Some more remark: soon, when the read-out noise has become neglegible compared to the photon shot noise even at higher ISO levels, setting the ISO level won't alter the raw image at all. The camera would always shoot at base ISO for best dynamic range. But to set a higher ISO would effectively tell the camera to underexpose on purpose. Therefore, setting ISO and EV compensation is the same. On a future 3 dial camera, the 3 dials will be aperture, shutter and "ev shift".