Originally posted by kooks The biggest differences will be when you use premium lenses, with normal kit or regular lenses you wont see that much.. but with premium the images will be sharper. Besides that the biggest improvement will be in AF, specially during low light.
K3 goes further.. dual card, even better AF, buttons changed, video features changed, resolution, etc...
If you can.. go for the K3..
The change in video functionality was mostly a negative one... it gives you more control now, but the picture quality is not as good, and you need more (expensive) gear to get decent video out of it (i.e. you need to stabilize the camera, whereas before the camera did that itself pretty well).
For me the K-5 IIs is the pinnacle of Pentax cameras, it is as good as it ever got, when considering both stills and video.
As long as all you're doing is stills though, the K-3 is a great camera, and might be more worth it, unless you are particularly unhappy with the K-5 AF and maybe the screen but want everything else to be pretty much the same.