That Pentax K-5 is looking pretty hot. Looks like there's going to be a fierce battle between the K-5 and D7000.
Agreed on the Pentax K 5 looking pretty hot in terms of sensor performance, due to its amazing abilities in terms of recovering underexposed images. It seems that the new Penta K5 has simply **incredible** dynamic range performance and amazingly low-noise electronics. If one looks at the DxO Mark dynamic range tool, one sees that the Pentax K5 has, once again, **incredible** dynamic range rendering capabilities that are significantly, not just marginally, better than basically any other digital I have ever seen tested.
As some Pentax owners have commented in this thead, with some of the other Pentax cameras, if an image is underexposed seriously, there is basically almost no possibility of recovering the image hidden within the RAW data. But the K5 has a sort of new-age capability in terms of allowing recovery of extremely under-exposed images, and I believe this is how the Dynamic Range is made so high,and better than the Nikjon D3x, the former champion.
How to recover a 10 stop underexposed K-5 image. [Page 1]: Pentax SLR Talk Forum: Digital Photography Review
Since the K5 allows extreme under-exposure, the photographer can under-expose to preserve brilliant highlights, and then recover the highlights in post production using the curves adjustment to "pull up" the shadows, and "push up" the highlights to where they belong, all the while enjoying those clean pixels made possible by exemplary, cutting-edge low noise electronics, and a killer image processing pipeline.
Keep in mind, this is how Nikon did it with the D3x: take an image sensel from Sony (the same sensel used in the Sony A900 and A850), and then put massive effort into constructing better ELECTRONICS with lower read-out noise, to blow away the same sensel when it was paired with average electronics with normal levels of read-out noise...
Sony might make the sensels, but the final "sensor" requires the camera makers to design an AA filter array, demosaicing, and read-out system...the "sensel" is what Sony sells Nikon and Pentax...then, the camera makers make them into cameras that THEY engineer and build.
As to Thom Hogan's dismissal of the DxO Mark's "single number": that's a disingenuous, flippant attempt to paint them with a broad brush; DxO Mark actually offers MULTIPLE evaluation numbers that help users see how cameras perform in terms of Dynamic Range, Low-Light/High ISO performance, and Color. He's being a bit fast and loose there in that paragraph. What "some" camera makers have already shown is that it is now possible, with effort, to take a sensel and sink resources into making it much,much more-capable than it might otherwise be, by working on the entire image processing and data-handling pipelines. The best comparison so far had been the D3x vs Sony A900 high-ISO and color-depth comparisons,and it appears that Pentax has seen what could be done, and has done the same basic thing, exceptionally well.