I HAVE A HUNCH...
Recently, Pentax had three announcements that were noticed beyond the photo / phanboi press -- Q system, Ricoh buyout, 645D Ltd. These actually appeared in general-public newsfeeds. They grabbed attention. And they hint at a sophisticated marketing strategy to get the PENTAX name out in public view.
I suspect that the general public (and those providing newsfeeds) don't give diddly-squat about FFD or 110D or any such nerdly stuff. A 110D won't out-small the Q. A K1-FFD won't out-large the 645D. They're just incremental variants of existing stuff from other makers, too much like an m4/3 gadget or Canikony FFD. They aren't DIFFERENT.
I HAVE A HUNCH... that Ricoh-Pentax's next announcement will be of something DIFFERENT. I think Ricoh is positioning Pentax to be The Innovator in photography, producing cameras that are exciting and game-changing, like the Spotty was game-changing. These K1 and 110D teases, that's all they are: teases, not quite as silly as Nikon's newly-escaped concept cameras (
see my thread on the NON-PENTAX forum), but mere distractions from the main show.
I have zero idea as to what the main show will look like. I have no inside info, don't read the rumour-mills, don't analyze released nor leaked statements. I just look a recent history and try to project it -- and that projection is, Expect Something DIFFERENT. I'll let y'all speculate as to what it might be. Whatever it is, expect to be surprised.