I'll say the best way to decide is to actually handle the Pentax models, play around with them, and judge for yourself.
As for the quality of the images it produces, look at our photos sharing thread sticky at the top of the forum. Says it all.
Just to share my views on the negative pts you brought up.
- noise levels at higher ISOs
--> No idea, I've never used another brand's DSLR. But my K100DS' noise control is simply superb.. to me.
- slow frames-per-second rate
--> Everyone here concedes this, but anyone needing a high FPS for whatever reason probably shouldn't be considering Pentax in the 1st place.
- lack of variety of third-party lenses
--> I'll say there are more than enough even for the serious hobbyist.
- Pentax zoom lenses don't perform as well as those of Canon/Nikon
--> No idea, I seldom use zooms.
- Pentax accessories are hard to find
--> Well, everything I need eventually pops up on the sales forum, if 2nd-hand is fine. But to buy new may be hard, true. I asked around shops for the magnifier eyepiece last week and CP, among others, say they don't stock.
Hope this helps, and looking forward to you joining in our cult! Oops, club!