You CAN convert 60i to 60p with VERY good results... in most cases you won't be able to spot the difference. However that is extremely CPU intensive... even at PAL resolution on a fast PC it will take a while. And if you don't deinterlace... 50i/60i just looks bad.
Interestingly the Panasonic HC-X900M, a rather expensive consumer camera from Panasonic from the 2012 season seems to do some crazy interlacing/deinterlacing stuff... IIRC shooting at 50p you will get 50i deinterlacing artefacts. But that's OT.
I have uploaded a raw video I've shot last week with my K-5 and the 18-55 at 18mm. Basically I'm walking up some stairs at a restaurant, and then just walking towards my table. I didn't pay much attention on panning smoothly (and slowly), so the 25p and lack of (easily accessible) shutter speed control really shows it's ugly face. The only stabilizing equipment used was the built in SR system and my Rieker shoes with Antistress feature. With my Puma sneakers it would probably look a bit different, they don't absorb bumps as good as the Rieker. I also held the camera a bit higher than I would usually, around the same height as my chin is. That seems to help a bit too.
I must say that aliasing can be a very big problem, as well as moire, and the low frame rate can be quite problematic too (my monitor also seems to exaggerate it with the overdrive system...). I have seen better cameras in those regards. So if you have stabilizing gear anyway, other cameras may make more sense. But if you don't have/don't want to use those things...
This video was shot at 200mm (so after crop it's 300). It starts with some panning, after that I'm trying to hold it steady while some airport staff is throwing around and smashing luggage.
My observations are there IS rolling shutter when I pan quickly, but it just doesn't wobble around. So this sort of rolling shutter artifact might be fixed in post (there is a feature for that in Premiere Pro CS6?). Also, at 200mm holding the camera steady is a bit of the challenge. It works best when holding the tip of the lens with one hand (which I wasn't doing, at least not while focusing. Can't remember how I did it the rest of the time). Stabilizing works, but it can't do wonders. I didn't notice wobble, though there is motion blur and some shakiness due to the SR not being able to keep up. The shakiness might be fixed in post with stabilization plugins, if the shutter speed is short enough. Might try that one day... Also there is little of the panning back after a pan that some have observed... perhaps it is more likely to happen/visible when shooting with a wide angle lens? I do notice it sometimes when shooting at 18mm.
Ok, I've also stabilized the second video using the warp stabilizer at default settings. It pretty much looks like what you'd expect from a K-01/K-3, without the wobbling. Not sure if that is because Adobe is able to reduce rolling shutter, or because rolling shutter was already eliminated by SR system (during the fast pans there is still lots of rolling shutter). The occasional motion blur is there, and very badly so. Otherwise the video is of course smoother, but personally I think I'd rather have it jerk around a little than to have these weird artifacts.