The title says it all I guess. Are there any scientific concepts that can actually be understood by 3 year olds?
I think that most topics (eg magnetism, floating/sinking) are so abstract, that although a child can 'see' what happens (these two ends of a magnet push each other away, this particular metal 'sticks' to the magnet, when the plasticine is made into a boat shape it floats), they certainly can't understand the actual sciency bit behind it.
The only things I think could be understood are things like growing seeds and making shadows.
I think playing with magnets and things at that age makes a lovely game, but can you actually teach them anything sciency at that age?