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V Carve Pro does not do 3D, but it does do V Carving. And it's a pretty full featured 2D CAM package as well. The only way to do 3D with V-Carve Pro, is to use Vectric's Cut3D to create the toolpaths. V-Carve Pro can import those toolpaths, which will allow you to mix 2D, 3D and V Carving.

If you have the need to create 3D objects, then you need to look at Aspire, which contains all the features of V Carve Pro as well as 3D creation and 3D toolpath additions.

You can also import all the VectorArt 3D graphics into V-Carve Pro.