Connectedness of moduli of vector bundles Let $X$ be a smooth projective variety. Given two vector bundles $V_1$ and $V_2$ such that $[V_1]=[V_2]\in K^0(X)$, can one expect that $V_1$ and $V_2$ can be connected by a family of vector bundles? Or are there any counterexamples?
For example, if we have a short exact sequence of vector bundles
$$0\rightarrow E_0\rightarrow E_1\rightarrow E_2\rightarrow 0 $$,
then $E_1$ can be deformed to $E_0\oplus E_2$ by finding a curve between corresponding elements in $Ext^1(E_2,E_0)$. Since the relations in $K^0$ are generated by short exact sequences of vector bundles, I was attempting to generalize this kind of argument but failed. 

Another motivation for this question is that I want to know the possibility of identifying the Gromov-Witten theories of $\mathbb P(V_1)$ and $\mathbb P(V_2)$ for such $V_1$ and $V_2$ by deforming one to another. Therefore I think I would like to see, for example, families of vector bundles over a reducible variety.
 A: Maybe the simplest example of the phenomenon mentioned by Jason is the case of rank 2 vector bundles on $\mathbb{P}^3$ with $c_1$ even, studied in this paper of Atiyah and Rees. Besides $c_1$ and $c_2$ which encode the $K$-theory class, there is another topological invariant $\alpha $ with values in $\mathbb{Z}/2$, which can be $0$ or $1$ for holomorphic bundles with the same Chern classes.
A: As always, you should specify that $X$ is projective (or at least proper).  Even so, this really depends on what you mean by a "connected family".  Certainly this is false if you want the base of your family to be irreducible.  Here is the simplest counterexample I see.  On $X=\mathbb{P}^2$, let $V_1$ be $\mathcal{O}(-7)\oplus \mathcal{O}(-7)\oplus \mathcal{O}(14)$ and let $V_2$ be $\mathcal{O}(-11)\oplus \mathcal{O}(-2)\oplus \mathcal{O}(13)$.  
Since both rank $3$ locally free $V_i$ have zero first Chern class, $[V_i] - 3[\mathcal{O}]$ is in the second filtered subspace of the gamma filtration.  Thus, the class in K-theory is uniquely determined by the second Chern class, and this is $-147c_1(O(1))^2$ for both $V_1$ and $V_2$.  Thus $[V_1]$ equals $[V_2]$.  
On the other hand, $\text{Ext}^1_{\mathcal{O}_{\mathbb{P}^2}}(V_i,V_i)$ equals $\{0\}$ for both $i=1,2$.  Thus both locally free sheaves are infinitesimally rigid.  Thus, there is no family of vector bundles on $\mathbb{P}^2$ over an irreducible base that parameterizes both $V_1$ and $V_2$.   
