Originally posted by Zav Well, it depends on your budget. The ideal choice is the k-5. But if you can live with the sensor performance of the k20, I would suggest that you look at the k-7. Basically everything is better except for the sensor which remains more or less the same.
That would be the exact reason to pick the k20d over the k-7 - the sensor performance is essentially the same, and since the OP wanted it as a 2nd camera strictly for wet weather, no point paying another $150-200 (+) for essentially the same performance.
That said, you're more likely to find a K-7 paired with the 18-55mm WR lens since it was the kit lens - if you can find that pair for around $600 it is a worthwhile value; the K-7 does have better build too with a magnesium vs durable heavy plastic body (though the k20 is very durable, I just picked up a canon 60d and my k20d definitely felt more sturdy than the 60d does).