"For ever" is too far away in the future to make predictions
However, I'd say K-mount needs both APS-C and FF - it cannot survive and grow only with the more expensive and low volume FF (definitely not with a K-1 made in 7,000 units per year!). The only manufacturer who can do that is Leica, for Leica prices.
I will also challenge the assumption that K-mount it "oversized" for APS-C; which looks to me like a remnant of Olympus' marketing (from back when they had 4/3, happily spewing nonsense about "dinosaurs" - guess who disappeared?). Yes, the K-mount was made for 35mm film cameras; this, however, doesn't make it "oversized" for APS-C
now. Note that in order to have a point, "oversized" must be significant; changing an entire system is not done for a mm or two.
There are two aspects of "size": mount diameter and mount registration distance. Let's discuss them both.
1. Mount diameter; is the K-mount oversized for APS-C? Nope. The K-mount's diameter is actually similar to the 4/3 (i.e. a smaller than APS-C format). Make it too small and you'd have problems - designing fast lenses, with the image circle required for SR, and so on. Next question: does it make the cameras too large? Nope, again; the K-S2/70 compares favorably with the E-420 despite having a 100% pentaprism viewfinder made for another format (we're discussing length in the next paragraph... but even here, registration distance makes for a small part of the difference; SR and the articulated LCD takes up most of it).
2. Registration distance: is it too long for APS-C? One might argue that the K-mount's registration distance is made for a FF SLR, which is not optimal for APS-C, end of discussion. We all know this fact, right? Not quite: things are different now, 100% viewfinders requires larger mirrors, and the SR takes up space, too (requiring the shutter moved forward, and the mirror, as well). For the K-1, the Ricoh Imaging/Pentax engineers had to design a new mirror mechanism (a "Floating Mirror Structure") because a classical one wouldn't fit. See:
Challengers | PENTAX K-1 Special site | RICOH IMAGING
From a technical point of view, the best candidate to be re-made as a mirrorless is the medium format - practically eliminating lots of bulk and the large mirror's vibrations. I remember an interview with a Ricoh Imaging official saying the same thing.