Originally posted by Fogel70 I doubt that it will happen. R&D cost will be too high initially for the first model and they probably can't trim down the manufacturing cost on the first run.
If they come with a D600, they might need a D800 price on it (or higher). So I believe they will have to make a more advanced model for being able to sell it with higher margin to cover the cost. With the second or third FF camera R&D cost will be much lower and they will be able to trim down manufacturing cost on all the part to be able to sell a budget model.
After all, there is a many reasons for FI Nikon releasing D4 before D800, and D800 before D600.
Pentax's lens development could never justify a D800-level body. Not even close.
The Pentax distributor system is almost exclusively consumer retail. They have no sales, service, or support system for anything above a D600 price point FF system. Pentax has always been a consumer retail operation in production and has never (maybe the LX is the exception) put out anything in the price and market range as the D800 in relative terms. For example, Pentax has no equivalent to the D300, nor the long lenses, nor the wides upon which such systems depend.
Pentax has never played in that professional market so any body hey come out with will compete in the sub-$2,000 category. Pentax is no Nikon who can draw upon professional and institutional sales to buffer the volumes. Any FF you se from Pentax will almost certainly be prosumer/consumer priced.