I received some bits of insider information regarding the K7, which I consider reliable, thus I am posting this; of course the old sentence about grains of salt should be considered.
According to these informations, the camera DOES HAVE a flash, contrary to prior comments posted in this blog. Besides, a movie mode is planned, although no final specs are established yet. Apparently beta testing is underway but there is still quite some work to do.
I'd like to thank the source of this information (who shall remain anonymous for obvious reasons).