A major difference between 5s and 3s is how much lane control you need to win the game. To summarize: for 3s you want high dps champions with a lesser focus on team value, and in 5s you want high lane control champions with great team value.
In 5s you value champions that can hold their own lane well, because teammates will leave their lane open for minutes while they travel to help you. In 3s you value champions that can help other lanes and contribute lots to ganking, because traveling lane to lane takes very little time.
Champions like Heimerdinger and Soraka do well in 5s because they both have great lane control. Heimerdinger's turrets and passive heal allows him to push a lane very well and stay in good shape, meaning he doesn't need to leave the lane for a heal and spend a minute running back out. Soraka can heal herself and replenish mana, so she almost never needs to leave a lane.
However, in 3s they are less handy because they are squishy and susceptible to being ganked. They also provide little value when it comes to ganking in other lanes because they are not damage-per-second champions. To contrast Heimerdinger and Soraka, Tryndamere is a champion who shines in 3s. He can quickly travel from one lane to another by spinning over walls, and his dps makes ganks easy.
Another thing to note is that you require team composition in 5s, as any one champion can be focused down by 5 others at a time without a team backing them up. In 3s it's less of a problem because champions last longer in team fights as less damage is going around. Tryndamere in 5s can be crowd controlled by 5 other champions and he provides no aid to his teammates. However, in 3s he can solo two champions and likely win.
Roaming has become a popular addition to the metagame strategy, wherein one player does not lane nor jungle, but rather simply moves through the jungle/river to initiate ganks on lanes from level 1 and onward, until the teamfight portion of the game begins.
A roamer essentially guarantees that you're either running a solo lane, or two solo lanes if you have a roamer and a jungler. I've also seen a double roamer game played, though this tends to be less effective as enemies who are wise start playing defensively and reduce the effectiveness of your roamers, which put them behind in both CS and levels.
The qualities of a roamer can vary, but the general requirements are that they are mobile, can do burst damage, and have a strong stun or position altering (push, throw, etc.) ability. Taric, Evelynn and Alistar are all very popular choices for roaming. I've also seen Sion and Blitz play roaming effectively, but they were both out of a lack of a jungle spot on the team and normally suit better in a lane.
This strategy is similar to the "double jungle" mindset in that you get three solo lanes, with the exception that there is extra pressure on getting early kills to succeed. A definite risk vs. reward tossup, as successful roamers will quickly catapult your laners ahead in level / CS as well as demoralize your opponents, but unsuccessful roamers will fall just as far behind due to the lack of their presence in the laning phase.
Best Answer
Jungling 3v3 is possible and is seen in higher ELO games. There are lots of videos showing it on own3Dtv. I recommend browsing Twisted Treeline videos to see how it's done.
Good junglers for 5v5 also are good junglers for 3v3, but keep the differences between 3s and 5s in mind. In addition to aggressive dps champs being favored in 3v3, there is more competition for the small number of camps in the jungle. Aggressive junglers do well because they have plenty of opportunities to harass the enemy; Nunu and Cho Gath come to mind, both being strong junglers with good ganking potential and great harassment. If you watch some Twisted Treeline games you will see non-aggressive junglers like Warwick being dominated.