Originally posted by JinDesu I don't think it'd get cheaper than the current price of a K-01... albeit it's out of production, but put it into manual focus mode and it's pretty much what you are envisioning.
I'd love something like a digital ZX-5. It's relatively small and lightweight, and the controls are perfect: Dial on the left for ISO and exposure compensation. Dial on the right for shutter speed. Aperture ring on the lens. No LCD, no menus. No menus means no preference settings, which means you couldn't set the white balance or any JPEG processing options. Thus it would make sense for it to shoot only RAW, and set everything else in post-processing. Let the camera do only camera work, and save the computer work for your computer.
I don't think a camera like that would be cheaper to manufacture, though. It wouldn't be about saving money, it would just be a difference in philosophy.