Originally posted by Adam The red light is there to illuminate the whole viewfinder for when the points are hard to see. If you see AF points, it means they're confirming focus, regardless of the color.
If you've ever picked up a Nikon, you'll feel right at home with this viewfinder. If not, and you have the opportunity to try one out locally, you could do that to get a sense of how the K-1's viewfinder works.
This article might help clarify things:
Pentax K-1 Viewfinder Tour - Hands-on Reviews | PentaxForums.com Thanks Adam for clarifying this for me!!
I will go try a Nikon body to test it out!
One further question, based on current firmware,
when the OVF illumination is turned on (the red light),
will it be on all the time or just when you half-press the shutter button(keep on til you release the shutter button)?