Originally posted by Rondec I guess I don't see the reason to stew about new gear so much. I find that new gear helps my photos just because I'm more energized to go out and take photos when I have a new camera or new lens. The biggest question is one of money. It doesn't grow on trees (at least not around here) and so you have to decide what you are willing to pay for a new/used camera. For what it is worth, the K5 II and K5 IIs cameras are also very nice, although their operation is a little slower and auto focus points remain too big (one of my biggest problems with older Pentax cameras -- hard to focus on the eyes when your focus point takes up half of the subject's face).
If I had a K20, I would certainly be ready for a camera body upgrade. To me, if I was the OP, I would decide on my budget and then look at the best camera that fits it. As I said before, it won't turn snap shots into fine art, but it will give more capability with regard to focusing, dynamic range and high iso situations as compared to a K20.
I kept checking McBain Camera (a reliable Alberta company) until a used K3 came up at C$525 (about US$400 at that time), and bought it. Then I sent in my K10 with grip for assessment as a trade in on the D-BG5 grip. They offered and I accepted and got the grip for a little under C$100 and the K10 with grip. As a retiree whose last major employer when bankrupt in 1992, money is a bit scarce here as well. There was no way I could afford a new K3 on our income.
I ran the camera through the shutter cycle checker on this site and came up with about 17,000 clicks. The camera looked new. The clue is the "waiting until one showed up on their used gear page" at a price I could afford. I was sorely tempted to buy a gunmetal prestige at C$1250, but no way I could convince myself to pay that much for what is essentially a toy.