I won't discuss the value, if any, of this upgrade. Just curious to see the effect of this "compensation-on-demand". As others have pointed out, this doesn't change the raw files; it only works in-camera and only for Pentax lenses that the camera will reckognize.
Here's my test target: A folding curtain some 3 meters away. AA-filter simulation was turned off with these images (in fact, I don't think I ever have it on):
Test Target (Downsized DA 18-135 @ 135mm full image)
Then some 100% non-resized comparisons with Compensation off to the left and on to the right. First my DA*200 lens:
Pentax-DA* @ f/22
Not much of a difference to my old eyes and no need to show comparisons at larger apertures. Quite different with the DA 18-135 lens:
Pentax-DA 18-135 lens@ 135mm and f/5.6
Pentax-DA 18-135 lens@ 135mm and f/11
Pentax-DA 18-135 lens@ 135mm and f/22
Pentax-DA 18-135 lens@ 135mm and f/32
You may judge for yourself, but there is an effect and it does somehow seem to differentiate between different lenses at sam f-number.