The highly compressed Assassin's Creed 3 version, which is around 500 MB in size, offers several benefits to gamers. The compressed file size allows for faster downloads and easier installation, making it more convenient for gamers with slower internet connections. The game can be played on PCs with lower-end hardware, including those with less powerful processors, limited RAM, and lower-end graphics cards. Despite the compressed size, the game still retains its core features, including the engaging storyline, open-world exploration, and improved gameplay mechanics.