Pentax just announced their cheerfully-colored K-01, an interchangeable-lens compact camera. It's sort of in the same category as the Sony NEX-7, which we love: it's the size of a point-and-shoot, but it has an APS-C sensor and the ability to swap lenses like a DSLR. Compared to the NEX-7, it's quite a bit cheaper, and you get access to Pentax's roughly 25 bajillion (science.) available lenses, but it's also larger and does not have a viewfinder. On the other hand, yellow. Read more at PopPhoto.