Originally Posted by LittleSkink 
my understanding is that are Pentax not part of the four thirds consortium, and there is now way for them to 'complete' alone with a Rangefinder type approach as the PK registration distance is just far too big
They could easily join if they wanted to -- it's an open standard in that sense. That would be far preferable to creating a new competing "Micro K". (As much as I'd love to see a digital Auto110.)