One can take these hard-DR claims of 14 stops.
2. Lose a couple of stops at the bottom to noise, defects, unbalanced readouts, pattern noise due to stitching and other issues
1. Lose a stop at the top to non-linear effects
You now have a "real DR" of 11 stops. Of which
1 Lose a stop to balance lighting
1 Lose a stop to ISO to get decent shutterspeed
So by now you're at 9 "real" stops, you need 8 for an image, so you have a chance to get a couple of stops of shadow lift with some sensor noise, or to go 1 1/2 stops into the highlights with some tint changes due to non linearity-one of these will work well, the other a bit less, depending on exposure.
As anyone knows, 10 bits is the absolute minimum for a digital camera, 12 is usable and 14 is good - not extraordinary.
This back has a breakthrough feature -Live View- and decent quality. It's a hex wrench to add to the screwdrivers which are already in the toolkit.
And yes, the sensor has another breakthrough feature, probably: Price. But Phase is keeping this detail under wraps, while Pentax is publicizing it
Edmund