Originally posted by kadajawi @Kunzite: Compared to, say, a FF camera? Not sure how much magic Pentax can do with a FF camera to bring down size and weight.
@Digitalis: Ah yes, but where are these lenses? The lens line up is not that great. Also it doesn't help with older lenses, and people would have to re-buy lenses. At that point, why not just switch to Sony, Nikon or Canon? I kind of like the ergonomics of recent Sonys, and they are quite light while not feeling too flimsy.
Since lenses get brighter through the adapter at least 2 advantages of FF would be lessened. Mounting FF lenses, and use them as such, and low light sensitivity would be improved by about 1 fstop. Also by going MILC, by putting in an EVF the advantage of a bigger viewfinder would also be crossed out. The Sony alpha 77 has a reasonable viewfinder from what I know. It wouldn't fully replace a FF camera, but for me that's what I'd want over a real FF camera.
Pentax has a decent number of current primes -- I own the FA 31, DA *55, FA77, D FA 100 and DA *200, all of which will cover full frame without problem. The big thing lacking is full frame zooms (24-70 f2.8; 70-200 f2.8) which wouldn't be that hard to come up with, considering that certainly they have existent lenses in their catalog that they could update with weather sealing, ring motors and quick shift to cover the main range.
The only other thing they would need would a wider prime like the FA *20 (hopefully with a little better optics and coatings).