Originally posted by Laurentiu Cristofor That is the most depressing part, because under Hoya, Pentax released the K-7 and the 645D, which are historical milestone products. The K-5 was a refinement, but it put them in the top of the APS-C dxomark ranking. And the Q was not well received on PF, but even today at photokina it draws attention. Now we're more than one year under Ricoh ownership and they only put out weird or mediocre products. I don't know what Ricoh had in mind, but I would have felt better if they would have picked their product releases more carefully rather than letting everything that Pentax had draft plans for go to market whether or not there is a point or future in it.
And why is Hoya called incompetent? They have done nothing wrong and given that they didn't even had an interest in the Pentax camera division to begin with, I would say that their management was considerate and effective. Ricoh has yet to make their influence seen in any positive way on any Pentax product and I feel that their lack of say in the products released this past year was a sign of bad management. Hoya has kept Pentax look interesting long enough to sell it to Ricoh, but what Ricoh intends to do with Pentax is still not clear.
Hoya did a number of things wrong. First of all, they all but stopped releasing new lenses. Most of the "new" lenses they did release were designed prior to Hoya taking over or, were actually just sealed versions of existing lenses. Second, they laid off a significant portion of their work force. This included legendary lens designer Jun Hirakawa. So, when it came time to design a lens like the 18-135, the resulting design did not impress much. Third, they cut back significantly on quality control. There just ended up being significantly higher rates of problems with cameras like the K5 than with preceding cameras. Finally, they didn't seem to invest in R and D. My K5 has the same basic auto focus system (with some tweaks) that was in my K100.
If Ricoh makes a wise investment, I think we will see new products coming down the road, but it is a testament to how bare Hoya left the cupboard that they haven't been able to green-light more things. There isn't even a sequel to the 645D yet...