I think this is going to act more as a filter. You wont simply be able to just bid to a position and be done with it. If your quality remains high enough to be in the #3 position at your given maxCPC then it will be shown in the #3 position, but if someone else has high qualifications for that same position you'd be bumped to #4 and may not show.
Quote:
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Targeting just one or two positions means your ad will not show at times when it otherwise might have. We encourage you to choose as broad a range of positions are you are comfortable with.
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Just thought this should be emphaized so people don't think it will automatically show your ad at a given position based on your MaxCPC.
-Ev