Originally posted by interested_observer You certainly know that the new camera will be price above the K7's current price, and in this economy I do not think that you will see any aggressive price reductions to clear the shelves. I also think that the K20's price floor at $700 or so, shows to some degree the amount of price elasticity or softness there could be. So right now, I would guess that your playing with about a $200 or about a 20% margin. I can only guess that if they intend to come out with a new model, this year, that they would need it out and available for Christmas. So looking back to the KX again - which was out for last Christmas, it was announced in September (searching back on the web). So if Pentax intends to do something this year, it will probably be within the next 6 months and your probably risking at most $200 in price.
This is my view, exactly, and it is why I just bought a K-7 for $920. If I decide to sell it one year from now to upgrade to a K-8, I will be out of pocket no more than $300, which is not bad for a full year of use. On the other hand, I may find myself so satisfied with the K-7 that I will feel no need to upgrade. For $920, it is a whole lot of camera. The K-x is even less expensive, but except for its high ISO noise superiority, it suffers in terms of AF, metering, weather-sealing, construction, shutter noise etc.
The K-7 is a tremendous value right now. The competition cannot touch it.
Rob