this makes most sense to me, to make an evil with K mount... it would be thicker but it would give some other interesting opportunities to reduce the overall bulk, while the lens lineup is already complete... DA40 is there already for a camera just like that.
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common sense is anything but common
Bulk is relative. Compared to other DSLRs, it should not be bulky at all, especially with an old film lens.
I thought it should have some merits, and one would be to buy time and provide a stepping stone for Pentax to develop a proper FF DSLR when it is more ready.
Pentax has been working on compact K-mount cameras for sometime as evidenced by this:
and there's this design as well:
Something like the first design, cleaned up and nice looking of course, could be viable if it contained a FF sensor. A full on K-mount EVIL, same registration distance etc, would be more cost effective for Pentax because users can use DA etc lenses natively without an adaptor.
The problem with this is the camera would be a fair bit bigger than other mirrorless cameras. With an APS-C sensor in it I'm not sure how well it would compete. A FF sensor might give it enough of an image quality lead to offset it's size. HOWEVER, such a camera would be extremely expensive and in a very different price bracket.
A pure K-mount EVIL has it's advantages but I don't think we'll see it.
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http://www.pentaxphotogallery.com/charleycoleman
http://www.new-oxford.com/users/charley.coleman