Guilty as charged. I didn't realize the L's were 1.2 in focal lengths where the FA Limiteds were in the 1.8 range.. granted, most of the time you'll be stopping the lens down in most situations -- my eyes have some trouble getting the focus on my 50mm at 1.4 in many situations, especially in lower light when that aperture is most useful.
I don't know if you're familar with the Photozone review site, but they have a nice selection of lens tests along with full-resolution images --
http://www.photozone.de/8Reviews/index.html -- and, they do mention the cost as one of the drawbacks on the FA 77mm.
You can use any K-mount or M42 Screwmount (with an adapter) on the Pentax digital bodies, so I'll say that there are plenty of cheaper options out there... but the 85mm f/1.8 is not one of them. I've seen my version of that lens go for over $600 on eBay recently -- and that's a full manual lens.
The current rebates are very nice. I got my check for the DA 14mm I purchased in late April a couple weeks ago -- much quicker than a lot of computer rebates I've dealt with. I'll end up paying about $540 after rebate for the 77mm... still $200 more than the Canon in this case. Did I say mea culpa on that one already?
Happy shooting... not sure if you have any of the L lenses, but if you want to share some of your favorite shots send me a PM and I'll make some selections from my gallery this evening when I'm home from work.
Jim