Pentax officially announced the QS-1. Specs and price info can be read at Adorama (Click here). In short these are the highlights of the new camera:
Pentax QS-1 Features
1/1.7 inch, back-illuminated CMOS image sensor
Q-Mount Compatible with system of lenses
Customized Quick Dial
Smart Effects Modes & Creative User Modes
In-body Sensor-Shift Shake Reduction (SR) Mechanism
High-speed continuous shooting at 5 FPS and shutter speeds from 1/2000 to 30 seconds
Large 3-inch LCD Monitor with advanced anti-reflection coating
Bokeh Control
ISO Sensitivity up to 12800
Traditional DSLR Modes
In-body RAW development
HDR Capture
Full 1080p h.264 HD video recording
HDMI Port
Built-In Pop-up Flash
SD, SDHC, SDXC, Eye-Fi card compatibility
Optional External Viewfinder Available
from Mirrorless Rumors