There are already decent quality 3rd party TCs with SDM contacts ranging from 1.4-3x that retail from USD130-160. I think there is a good market for pentax branded TCs in two parts of the market:
- DA* TCs, with weather sealing and pro-grade optics.
- An SDM remake of the AF 1.7, to bring SDM autofocus to legacy glass.
If prices for the AF1.7 in the second-hand market are anything to go by, there is significant effective demand. It's certainly a great means by which Pentax could leverage new profit from the world's stock of old K mount lenses.
Although not strictly speaking a TC, there's also room for extension tubes with SDM and other lens contacts. If the rumoured EVIL has a different registration distance, the right sized extension tube could do double duty in restoring registration compatibility for existing K mount lenses.