very interesting ideas here (including the people against, thanks for taking the time).
lowell: very good points, i forgot to mention the k-m coupling adn ttl flash (trying to keep it short)
kit: that could work too. but it is usually more marketable (and costs as little in r&d and such) if you pretty much just strip down something you have, change the design slightly maybe, and add some minor software and mayeb mechanical features for the package to make sense.
again: we are not discussing if pentax should make it, if it would sell, etc. we're discussing if you would buy it, provided it was here. and we're not talkign about just a body either, but lenses too. anyway, the financial analysis is pointless: pentax can sell the body for _free_, bundled with a selection of lenses, if they so desire, they don't need to make money on the body, they dont' need to make money on any of this really, keep in mind they have other cameras and lenses and such, if this would be a small niche, small enough that it wouldn't be self-sustaining, it neednt make money on it's own. do you think full frame is self sustaining?
and yeah, seeling it as a limited body might be another option (asking twice, instead of 50%, wth), and yes it can be a cult following rather than a hit, it really doesn't matter, as long as it works. but for now, the question is simple: would you go out and buy, or not.