This article has an interesting analysis on the design of the phone. While I don't think the phone looks so bad. I believe the author is right in saying it is a "Let's not make Apple mad at us" phone.
http://www.androidpolice.com/2012/05/04/the-samsung-galaxy-s-iii-the-first-smartphone-designed-entirely-by-lawyers/
http://www.androidpolice.com/2012/05/04/the-samsung-galaxy-s-iii-the-first-smartphone-designed-entirely-by-lawyers/