The data rate is stupidly low and causes over compression colour blotching errors, especially at 1600 and 3200 ISO, but because Pentax doesn't clip the sensors dynamic range for video the way most other manufacturers do, if you shoot carefully lit and framed video, you can pull more detail back in colour grading then one should expect from any DSLR or MILC.
Once you dial in to what works best for your style of shooting, and matches the camera's ability and specification, you should be able to get great footage out of it.
Subtlety is the key