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Like everything F8 we all wish we had 20/20 hindsight. Being a newbie, I don't know much about glass ( a wide angle will probably be next on the lens list tho) so I am hesitant to comment here but I know about the price hikes in other areas and they have been pretty steep of late...especially when shopping online. I know when they were down, I got some good deals then as I'm sure many did but like Kat money is also an issue these days over here (and will be for the next couple of years while I work on changing careers) so for me, if I have the extra bucks I treat myself no matter what it costs. :)
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I agree with you F8. Their lineup is pretty unique and really do offer everything that everyone else does, but nothing is perfect and there is still much to be desired in their lenses.
The bodies are a completely different story. Compared to the bodies of the competition, I believe Pentax has the best to offer hands down.