What I wanted over my K-5 was better AF which the K-3 gives me in spades, faster burst, and more magnification and cropping room. So, I'm kind of like you with your K-1. For many of my images, a K-1 would be no better than a k-5, with a lower burst rate. Doubling the sensor size does have some applications. But since I'm quite happy with my K-3 landscapes....
even though I have a K-3, I've still been known to post in the "why I won't buy a K-3" thread. Just in my case, it's because I already have one.
Someone explain to me again, what is it I'm missing here?