Originally posted by pathdoc While I wouldn't be in a hurry to argue for going back to thorium (though I'm sure some of the braver souls among the Lomo crowd might want to take it on ), lead is nowhere near on the same scale of toxicity, and any half-decent lens manufacturer should be able to contain any problems.
It's not just an issue of lead or other toxic elements in glass; it's even more an issue of cost. Using older designs would be prohibitively expensive. Modern lenses are designed in large measure via computers, which allows for more efficient designs, enabling higher performance out of less expensive glass. The downside of this is that it's very difficult to target non-numerical/qualitative specs with computer designs. Much easier to target sharpness. So that's given impetus to making sharpness the primary goal of lens design, with the more "subjective" goals being severely minimized, if not ignored.
However, it would seem that Pentax has attempted to take the best from both the "old school," trial-and-error, image-centric approach and merge it with the more modern, computer and numerical specification driven designs. That's the approach taken with the limiteds and is part of the philosophy of the brand (as explicated
here).