This is your decision. However, if it were me I would think about the decision this way: which camera is going to offer you morefor the future?
*Great wide angle lens
*Ability to use the Kodak P-20 Flash
*Restricted to the wide angle format with just 5X optical zoom
Pentax 1st DL
*Can use any K mount lens
*Many lenses available: new orused (at low or e-bay prices)
*Can always use, but not restricted to wide angle format
* Has a much wider available ISO range to use
* Will allow for much greater growth as a photographer
*Will offer you some real challenges-both creative and photo learning-growth
*Will offer you a way to do some free lance work
If this is a straight across the board trade, the 1st DL is in perfect working condition, and you will be getting the Pentax 18-55mm kit lens at least with the DL, which can shoot 27mm wide angle shots, then I would take the deal without any hesitation at all.