Focus peaking is the BEEZ KNEEZ! (it is amazing). It makes manual focus lenses a joy to use, and can be even better than the already amazing AF on the K30. It will work really well with fast glass (I've used it with the Sigma 30 1.4 and several manual lenses f 2.0 or faster).
I use it regularly in tough conditions, such as low light scenarios (so you don't have to use the stupid and annoying AF lamp), or situations where there isn't a lot of contrast and I rely on the surrounding area to help nail the focus.
Focus peaking helps immensely with macro shooting.
The one drawback I would say is that focus peaking seems to drain the battery more. Not necessarily from the focus peaking itself, but from having the LCD on all the time.
One improvement they could make is to have the focus peaking colors be something other than white, or have the option to change the color into another one, because it can sometimes be hard to see the focus peaking "shimmer" in bright situations.
Anyways, I had no idea what focus peaking was when I got my K30, but after discovering it, I'm glad I have it. I will not use manual focus without it, and it's a deal breaker for future camera purchases (it will be a huge strike against a camera if it doesn't have it). I've shown it to people without the feature, and they get super jealous.
Why isn't it standard in all cameras? (the K5II/IIs doesn't have it apparently).
Last edited by EarlVonTapia; 01-28-2013 at 02:00 PM.