Don't forget the 22bit ADC was a separate unit in the K10D (rumoured to be Nucore?). With CMOS it will have to be integrated on the sensor indeed. The ADC having 22bit allowed for better tonality and noise reduction after the conversion to digital without loosing detail. Since the ADC on a CMOS sensor won't suffer as much from additional noise as noise reduction is done on the sensor as well, having extra bits to recover detail underneath noise isn't really necessary, so 14bit will do...
Or... at least that's how I understand it right now... But there is a fair chance I misunderstood sth somewhere...
Wim