So, today is CP+ show

I can't imagine they would be holding out for the final day when every other pentax/ricoh product was announced at the get go. If they hold true to their release cycle (as evidenced by the past two grd's) than the V should make an appearance near september. On the other hand, I doubt there's a less reliable way to predict a product release.

Looks like a good time to buy if you want a grd. I hasten to add that a new V won't make the IV any less "good" at what it does best since we are certain the V will use a different sensor (no longer in production) and we suspect it will be a very different camera altogether.