I'd like to submit the opinion that maybe there's some overly binary analysis going around here
There are more factors to the general public's purchase decision than just price or sensor size.
I'm not sure how realistic it is to focus in on sensor size. When was the last time a member of the general public walked into a shop and demanded a camera with XYZ sensor size. Camera purchase is about the pics, the sensor is a means to an end. Most people don't have a clue about the sensor size, I'd say let's see the pics before we slam it
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In terms of market perception, the reaction from many Pentax 35mm/DSLR people really isn't actually that surprising when you stop and think about it. Pentax 35mm/DSLR types like us like Pentax because historically it's been (relatively) a budget system, with emphasis on IQ and vast backwards compatibility including the mount. Along comes a luxury system, without
primary emphasis on IQ (primary is surely size at IQ cost (sensor size)), and with absolutely zero backwards compatibility and in a new mount. Not huuuugely surprising that the traditional Pentax world isn't waxing lyrical about it, is it?
Aside thought, there are all sorts of markets opening up that dwarf the current traditional 35mm/DSLR segment. Those who claim Pentax should target just the traditional segment might like to think again. According to surveys by Ernst and Young, China is expected to surpass the United States to become the world's second largest consumer of luxury goods within a decade. Japan currently dominates the global market, with 41% of all luxury brand sales. It is predicted China will have a 29% share by 2015. By 2020 China will consume more luxury goods than the entire world does today. That's quite a story, some manufacturers are going to become awfully rich on the back of that if they play their cards right.
As for those resorting to petty name-calling and generalizing insults, the thinking man doesn't take people who do that seriously