Yes, I think the K-x certainly has at least a 1 stop advantage over the K200D in terms of its ability to deliver a good IQ image, esp at higher ISO's.
This really means several things I think: the K-x sensor has a greater dynamic range than the K200D sensor, and the sensor sensitivity to light and sensor noise control (via innovative sensor design, better electronics engineering or more CPU, better noise processing software algorithms or whatever) is very good.
A by-product of this is that the K-x will probably hold onto lph resolution better than the K200D too as you move up the ISO ladder, ensuring greater detail is retained even at high ISO. The K200D seems to lose 25% of its horizontal resolution from ISO 100 to ISO 1600:
from:
test pentax k200d
All cameras do as they move up the ISO scale, but obviously the slower you lose horizontal resolution as ISO increases, the better, which may be another plus for the K-x if it's sensor is indeed a good one.