I don't know how likely this is, but one scenario is that if it takes long enough for the full 35mm sensors to come down in price the APS sensor might actually hang around long enough to be standard. It can probably go up more MP wise, and it will always be cheaper than the larger sensor. It can take all of the old 35 mm lenses (as long as they have an "A" setting 8^O) and many folks who use them find the quality acceptable. After all, we currently have 35 mm and MF film cameras now. The only real drawback is the lack of ultra wide angles, and the can fix some of that with new digital only lenses. And the ability to use smaller tele's is a real advantage for those who use them., not to mention the better DOF. I would still bet that Pentax will come with a full frame sensor DSLR, but the possibility does exist that the full frame sensor becomes the less popular option, like MF or even LF today. After all, this is what Oly is banking on. (I talking about sales, not resolution BTW.) In this regard, pros will use what they can get away with and amateurs will use what they can afford.
While I'm here, I did note the other day that the my E-10 has a 9-36 mm zoom. Although this lens is attached, it's hardly a P&S style lens and I assume it could be made removable (aside from just braking it off). I lens like this could make the WA folks happy, yes? Steve (the Speculative)

