I've heard that as well, and I can confirm the principle of this issue from personal experience -- although
not with a Pentax or other DSLR.
Last year in Miami -- at Winter Music Conference -- I took a bunch of video of my two favorite DJs (Sasha & John Digweed) with a Casio point-and-shoot (Exilim EX-Z850). It's a great camera, and I thought my videos would be amazing -- precisely because I was able to reach up, set the camera on top of a pillar and let it run. It turns out that all the blinking lights, etc caused the anti-shake feature to constantly try to remove the non-existent "shake," and my videos were disappointing.
Fast forward almost exactly 1 year, and I found myself standing in the
exact same spot watching the same two DJs.
This time, I turned the anti-shake off, and the video was amazing. Part of that can definitely be attributed to the different camera I used this year (Canon PowerShot SD870), but I know that turning off the anti-shake was key as well. In case you care, I have a clip from this year
here on youtube. I also have some shots of the Sasha & Digweed yacht party in Miami
here, and from their show @ House of Blues (Chicago)
here.
Cheers,
-J