I hope it's #2 and a better made copy of KT PF9.
I'd prefer a 20-shot .22.I bet it will be a 750 S&W magnum, 4 shot X frame.
Ever since the 500 S&W magnum was found out to be under-powered for destroying small planets and whaling, they have been working on a handgun for such tasks.
LaserLyte just annouced "Something BIG will be announced next week for S&W and LaserLyte!" on their FaceBook page.