I have just decreased the number of K-5s we own to one, and that will probably be sold, too. We first each bought a NEX-5N, which is superb in most ways, with the Zeiss 1.8/24, or the E18-200.I use mine with the Zeiss, the wife uses the zoom. But otherwise there are very few lenses on the market. So we (the wife and I) trolled further out, and caught a Nikon V1, and an Olympus OM-D E-M5. The focusing with either of these is super-fast, instant is the word that comes to mind! The sensor in the V1 is pretty small, but the results, either with the Series 1 lenses, or any ordinary Nikon G lenses (those with focusing motors inside, but you need an expensive adapter), are amazing, as long as you can keep the ISO under 800. At 3200 it is more like a compact, if you get my meaning. Post-processing can do wonders with the V1 shots, but they are amazingly sharp as they are. Due to the sensor tiny size a 110mm lens becomes a 200, on a K-5. Or like a 300, on a 35mm film camera.
The OM-D is somewhere between the V1 and K-5, but with far better anti-shake than either, and almost instant focusing. There are masses of the nice lenses for the OM-D, not least from Panasonic, and more are coming from Sigma, and other manufacturers. In low light I think it performs better than the K-5 in every way, but it isn't perfect, that either: It uses a lot of battery power (and no spares are available on the market, yet), and the pictures are heavily processed in the camera, so post-processing doesn't work nearly as well as with the K-5, V1, or the NEX-5N.
Both the V1, and the OM-D, are equipped with superb viewfinders (I love that), and a complete camera set with the V1 weighs a little over a kilo: Flash, body, 10-30 & 30-110 (in 7D terms 27.2-81.6mm & 81.6-299.2mm). These two lenses are some of the sharpest zoom lenses there are on the market, according to independent testers, like Photozone.
The OM-d is newer, and somewhat more costly, but give a sports photographer even more options - as the selection of lenses is amazing! It is rain-proof, like the K-5, but weighs about half as much, and K-5 is one of the lighter APS-C DSLRs there is. Not for guys with really big hands (but the battery grip helps a lot). I'd say a similar kit to the V1 mentioned probably would weigh a bit more, but not nearly as much as a similar kit for a 'normal' DSLR.
In video both the V1 and OM-D are among the very best on the market, with no problems at all, as far as I'm aware. The OM-D is more complex, the V1 excellent for those who want to use manual controls. Using normal Nikon lenses on the V1 degrades the autofocus system a bit, to about K-5 capacity, but it can also do excellent slow motion movies, if you like that!
A few samples of all three:
Red Kite | Flickr - Photo Sharing!