Originally posted by Uluru I think what Pentax has done with the K5 and since K5, confirms the thought they had a good plan. They also knew they cannot be dependant on the K-mount line alone. So the Q was launched soon after the K5, K-r was on the market too, 645D too. Then K-01 a year ago, and K-30.
However, Ricoh did interfere in those plans, at least indirectly. Pentax system camera manager told in the interview they have planned a true entry level camera all along, but it came out only a few months ago, as the K500. Why it was stopped before? Restructuring of the camera division, I presume, which allows for no extra cost. It was also reasonable to surmise the K3 with 20PM+ sensor was planned to be introduced in 2012, 2 years after the K5, but the K5II was presented. Ricoh's interference is obvious, because they have rather upgraded a well received camera like the K5 than risked with a new one they didn't have enough time and money to polish up — time lost in restructuring.
And because they didn't do it in 2012, they've most likely decided to do it in a year's time, or late 2013, when the new image processor is due to come anyway. Thus to us, it all looks like a slow motion with no real oomph.
There's a lot of supposition in this account of events, which is fine, but I don't think this is a likely explanation. What I see is pretty much business as usual - the low-end DSLR is released on a roughly 1-year cycle and the high end on an 18-month cycle. The only deviation from this is the delay of the K-30, K-5II and Q10, due to the earthquake/flooding situation in 2011. This in turn meant their successors appeared to come sooner than usual, especially the Q7. But basically, there is no significant change under Ricoh.
Why on earth would Ricoh delay releases of good products? I don't see what is wrong with the simple explanation that a camera takes 18-24 months to produce, and Hoya didn't have much in the pipeline. It would make sense for them to try to reduce expenditure on R&D if they were trying to make the division look more profitable for sale. If this is the case, we should start seeing cameras from post-merger Ricoh/Pentax right about now and their true direction will become clearer.
As for cali92rs' comment about lack of marketing, that doesn't seem at all accurate for Japan. TV ads and increased store presence started very soon after the merger. There are numerous accounts on this forum of Pentax cameras starting to appear in American specialist camera stores too, so Pentax doesn't seem to be idle in the US either. However, It would be extremely wasteful to pay for TV ads aimed at the mass market in a country where the product is not on the shelves where the mass market shops.
The really interesting question for me is how the cameras above the K-50 will be positioned. The K-5II is being described by the press in Japan as "lower mid-class" and I cannot believe Ricoh is satisfied with that representing the top end of the line-up. So, I have a feeling that the top end camera will be more expensive and advanced than the K-5II - more like the Nikon D300 was. That leaves space for another camera between the K-50 and the hypothetical K-3. Since there has been no successor to the K-01 yet, I wonder whether it will be replaced by a small, nicely-designed K-mount camera, to be used with the just-renewed limited lenses. I suppose an alternative would be just to continue with K-5-type cameras. But I think it's reasonable to expect two cameras by the end of the year.