No its not that hard.
To make it easier on yourself you need to remove the inner fairings and handlebar controls so that the bars can be moved out of the way.
Also, the front wheel and forks need to be removed.
Loosen large chrome nut on top of the tripple trees. Lift upper tree off.
Take spaner wrench or hammer and punch, and loosen the two nuts to release the lower tree. Pull lower tree out from bottom, shaft will come with it.
Be sure to not the possition of seals and bearings. Helps to pull up the microfish on Yamaha's web site too.
While the forks are off, its a good idea to go ahead and service them.
Tip for that: Before you remove the forks, simply loosen the top tripple tree clamp bolt that pinches the fork. Then loosen the fork cap on the fork. Easier to tighten and loosen that nut with the lower tree holding the fork tube. No need to completely remove the cap, just knock it loose. Then remove the forks.
If you are really parinoid about dinging things, I would suggest removing the tank since you will be moving the tripple trees around and hitting things with hammers around there.
Set aside a complete day, this gives you plenty of time to service the forks and all and make sure the job is done right.
-bryan