Originally posted by Apapukas A camera of tomorrow can't take photos today
+1
Originally posted by wingspan I figured if there are any coming up relatively soon I would wait and see if a K60 gets released
I'm not Pentax but the K50 is not even a year old yet (released July 2013). They typically update on a 1 or 2 year cycle. Kx to Kr was ~1, Kr to K30 was 2 years, K30 to K50 was 1. K7 to K5 was 1, K5 to K5ii was 2 years, K5ii to K3 was about 1. And I can't imagine that the next entry-level update will be a game changer, I doubt they would upgrade the sensor (aside from switching brand to sony). I could see the new Safox X making it's way in but even then, it may be better but not worth waiting for. The next one will however support the FluCard which might be something you're interested in.
The K50 is already quite the camera, making it better will bring it very close to the K3 territory on some aspect. I doubt Pentax/Ricoh would risk cannibalizing K3 sales for an updated K?0.
So far, it looks like they're doing a 1 - 2 - 1 - 2 years cycle, and if it stays that way the next update would be in 2015. But I'm not Pentax, even Pentax is not Pentax, who knows what Ricoh will do