It's no K3, and won't replace mine. However, I have K70, which also has some features which surpass the K-3/ii, such as high ISO performance, and has pixel shift like the K3ii- for cheap. I love mine and use it as a knock-around camera. It's really a fun camera that produces great results which is also very good for astro and macro. The KP has a completely new sensor and fantastic high ISO performance (for crop sensor), and a metal body (supposedly)- which might be the justification for the price (almost twice the K70)? Here is a discussion on the PF site about where the KP is supposed to fit in.