For me, $1000 is still too much for a low end camera.  We need the
equivalent of the *ist body with a 6 MP senor in it for about $600. 
(for those who don't realize this, the *ist and *ist D have completely
different bodies, although the AF and segment meters appear to be the
same).  Also, Pentax is NEVER going to beat Canon to market with
anything.  Canon is just too big, and even Nikon plays catch-up.  Any
obvious marketing idea, such as a cheap DSLR, will always come from
Canon first.  The important thing for Pentax is to try not to lag too
far behind.  The biggest problem is that Canon controls its own chips,
whereas Pentax and Nikon have to look elsewhere.

Oh, yeah.  I do have an MZ-S $ grip (about $1000).  I also have a 645,
but I got that used for $500 with the 75 2.8.

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