Completely tech-less here, but I would be surprised if the answer to your question is yes. It would seem to be the other way around. If more resolution equals more clarity, then increased clarity should be more revealing. The size and space of the pixel is a known physical quality that effects noise. So, the argument becomes whether increased MP cameras have developed newer technologies sufficient to overcome this physics problem. Maybe they have, and maybe not so much.
My suspicions are that when you start messing with physics, you have to compromise somewhere. I am not personally drawn to the images of the larger sensor K3 (on aggregate). They seem less punchy, less intense, and less defined to my eye than images from my k5IIs cameras (not even considering noise). It is entirely possible that my eye is not refined enough, or that I am not used to a slightly different look. I had also, in some ways liked aspects of images from my K20D better than my K5 cameras. If Pentax offered a camera with the K20D sensor in an updated body, without the AA filter, I would purchase it.
Since I don't have a k3, I have relied heavily on photographers such as yourself who have both the K5IIs and the K3 for "unbiased" analysis. There are many who disagree with your assessment, and tend to base their disagreements on the technical advances of the K3, and then talk about per pixel performance that can be observed if one down-samples images --- etc.
I shoot weddings too, so noise, and low light AF will always be crucial in my camera purchasing decisions. Shooting a bird in a bright daylight sky will never answer my questions of how a cameras images will look shot at ISO 1600 or higher in low light. (It has always amazed me when certain reviewers test high ISO in outside daylight.)
DXO says the K3 noise performance is the same, or slightly better than the K5. Yet, plenty of photographers have noticed a significant difference in the noise performance between the two cameras. Are testing conditions unequal? Are photographers impressions too biased? Is there a lot of smoke and mirrors in photography, or just plain, down-right biased perceptions? Does any of this truly matter to clients?
The questions that
Zvonimir Tosic has raised in his thread about MP madness are questions that I believe you and I share. The hammer hasn't changed in, who knows how long, because it is a tool well designed for its purpose. Now, if only we could get it with attached zoom lights for better target viewing, a bigger, but lighter head for better nail contact, an LED monitor to show how many strokes one is averaging per nail, the amount of pressure per stoke, etc, wouldn't our carpentry be so much better?