Originally posted by FullertonImages More likely, if Pentax announced the K-3/1 early, it would murder K-5II sales. But I still think it would be in their best interest to let the plans be known, and keep people on the hook for a few more months, rather than risk loosing them.
People who want and are able to buy a full-frame Pentax most likely already have a K-5 or two. Besides what should be better auto-focus, nothing else appeals to me. K-5 AF is decent and there is no way I'd pay $1300 for even
magically quick AF alone. Had Pentax at least put in some form of new processing engine that included peaking, improved movie mode with a new encoding codec (try uploading a video from the camera straight to Youtube...), and a few extras like a headphone jack or some other bits that would only require slight changes to the body, yeah.... maybe then it would have been worth around $1300. The rear LCD seems more like a bug fix for (rare) water intrusion problems than a new feature.
Sure, there will be people who are interested in upgrading from an older Pentax of the previous generation or before. In their case the K-5 is somewhat decent, but they will also see it is missing firmware/processor capabilities even the K-01 has.
If the K-5 II started and stayed around $950 to slightly undercut the D7000, maybe it wouldn't be as much of a red herring as it is now. Even at that price I would not bother. Actually, I'm in the beginning process of a big change at the moment...