It arrived today. Haven't read the manual and only a few test shots to ensure it's not DOA. One of the primary reasons (excuses?) for the purchase was the K3 II didn't give satisfactory results over ISO 800 (I've been in many low-light scenarios lately). Since the K3 III has ISO 1,600,000 it's got to be better, right? Yeah, absurd quoting unusable figures like that so a quick test was in order. All photos taken with the same lens, f/2.8, varying focal lengths, handheld, auto-focus, and without shake reduction. More photos were taken but these were the best of the impromptu shoot.
Neither Adobe nor ACDSee liked the PEF RAW files so theses are JPG straight from the camera. Mostly... When necessary, the info was removed form Chester's tag and I underexposed on ISO 1600 (added +2/3 stop in post). RAW files are now set to DNG so hopefully that issue is taken care of. Crops are 100% and 99% of the camera settings are exactly how it came out of the box.
More testing is needed but I think ISO 6400 on the K3 III is close to ISO 800 on the K3 II.
Full album here if anyone cares to look at the full sized images.
K3 III Test photos | Flickr
ISO 6400
ISO 6400 - 100% crop
ISO 3200
ISO 3200 crop
ISO 1600 (underexposed so +2/3 stop added in post)
ISO 1600 crop (underexposed so +2/3 stop added in post)
ISO 800
ISO 800 crop
ISO 400
ISO 400 crop