|The Rot Grub|
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This thread is gigantic, and I apologize if my points have been said already.
I think that Wizards would have been foolish to try to "steal" Pathfinder's player base. They were better off making a game that was distinct from 3.x/Pathfinder. Conversely, Paizo should be mindful to maintaining its own niche.
That said, 5th Edition D&D does address some complaints coming from people who are dedicated to playing and sticking with Pathfinder RPG, such as the learning curve, dependence on magic items, and complexity of higher-level play.
I think this might be a reason why Paizo postponed the release of the Strategy Guide to come out this fall -- to see the market's response to 5E. The Strategy Guide seems like a way to address the argument "5E is easier to jump into than Pathfinder RPG!" Also, the timing of Pathfinder Unchained gives Paizo an opportunity to see how all the ideas included in 5E pan out with people.
In the grand arc of time, D&D 5E is an ideas playtest for Pathfinder Unchained and, yes, an eventual 2nd edition.