Originally posted by audiobomber The sensor in the K-3 rumour is the same one used in the A77 and NEX7. DR and noise will be pretty much the same as the 16mp bodies
If the DR and the noise will be "pretty much the same" as the K-5, why would the K-3 be any more compelling an upgrade than the K-5ii? PopPhoto test the NEX 7, and found it yielded 2740 lines per picture height; the K-5 scored 2590 lines per picture height. That's a 5.7% difference. It's unlikely that at large print sizes anyone could tell the difference between images shot with the K-5 and a 24 MP K-3. But processing times might well be noticed, to the detriment of the K-3. 50% bigger file sizes for 5% increase in resolution is a downgrade, not an upgrade.
Now if Pentax vastly improved the tracking AF, that would certainly qualify as a compelling upgrade, but in that case, the K-3 would be more of a professional sports camera, and those cameras have lower MP counts, not higher (think Nikon D4 and Canon 1dx).
Perhaps Sony's new 20 MP would make more sense. That sensor is rumored to have improved dynamic range and perhaps as much as a one stop improvement in high ISO performance. If we're going to have to put up with larger file sizes, at least we ought get something more tangible and useful than a mere 5% increase in real resolution.