"The death of the Turbine" articles have been an annual staple in the industry press forever. It never happens and they continue to prosper. For regional travel (up to ~500 nm radius) they are hard to beat.
Most King Air book prices are largely unchanged this year, in spite of fuel prices and economic woes. I just spent three months finding a couple of 350's for Dallas-based clients, not an easy job due to limited supply. One of the buyers is the prior owner of a PC-12 that went silent at FL 260 at night couple months ago with his wife and her friends aboard.
Re. advertised cruise speeds and King Air owners, they could care less whether somebody in a cobbled-up conversion (or anything else) "blows by" them. They weren't the fastest airplanes when they were built, and somebody (MU-2, Cheyenne, Conquest, Merlin, Avanti, various conversions) was trumpeting a faster, better mousetrap to compete. Beech is still producing the entire King Air line. Who else is still competing (and capable of providing significant production volume)? The King Air offers the best combination of speed, comfort, range, dependability, maintenance, simplicity and continued resale price. That's what people were buying in 1964, that's what they're still buying now. Not perfect, just better than the alternatives.
For a lot less money than the projected cost of a converted P-Baron (or any of the other twin conversions) a nice C-90 with all of the amenities can be had for a lot less money. Operating costs will be higher due to increased burn, but the owner gets the whole package (cabin, aisle, potty, pressure diff, environmental, ground air, fuel, range, altitude).
In spite of higher DOC's, the K-A's all-in after-tax annual budget will be much less due to capital cost calculation.
What other twin turbine is out there? (All I can think of is the Piaggio Avanti, ie, not many.)
Dave, to me this is a timely thread...just the other day I was thinking about the dearth of twin turbines. Given the low range (on avg) of most business travel plus the price of fuel, I was thinking there is a niche for turbine...and of the past few years that niche has belonged to either the KA twin or PC-12 class.