From what I've read, it appears that although the K-m is entry-level, it is not going to be a piece of cr@p--the build quality will be along the same lines as the K200 and the K20, which should best both Canon and Nikon entry-level models in that respect. At this point, what Pentax really needs to do is to market the cr@p out of this model to attract the DSLR newbies. Depending on what their intentions are, this model could very well set these people on a path to an eventual upgrade, so it's important that Pentax bring out the best entry-level product they can. Perhaps the more Pentax gets it name out there, the more demand there will be for a pro-level body.
On the subject of pro-level bodies, Olympus is a good example of a company who took seemingly forever to produce a replacement for the E1 and Olympus fans were getting antsy, but they finally did and from what I'm gathering, people are really liking it. I don't think it will be much different for Pentax. Frankly, I'm getting tired of all the whining about the fact that Pentax doesn't have a pro body yet. If you don't have the patience to wait on Pentax, then there are plenty of people around here who will be happy to buy your Pentax gear off of you when you sell it to move to Canon or Nikon. There are a lot more important things in this world far more important than whether or not Pentax produces a pro body!
Again--PLEASE QUIT THE WHINING!
Now that I'm done ranting, I will say that I'm one of those who actually wants a K-m.
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