Well I did a little digging into the bike today and from what I found the prior owner seemed to know what he was doing. I found all of his suspension setting in the owner manual, a K&N oil filter, a Cobra FI2000 tuning box thingie (at sane settings), and overall the bike is very tight.
As Eric says the motor is pretty tame below 6,500/7,000, but above that is scream. As I left the dealership yesterday I wicked it on and felt my butt slide back and hit the rear seat. I was wishing I was on my Buell with the steeper seat to hold me on the bike! It's fast.
I gotta figure out how the remove the gas tank to see what else has been done. It runs very nice.
I've got a nice list of mods.
1) SV650 risers to lower the bar
2) PC3 or PC5, I got a call into AF1 Racing to see what they recommend
3) Rearsets; probably Rizoma
4) Steel Braided Brake Lines; Goodridge
5) Recover the slick Cordin
6) Rear shock, Ohlins I suppose
The rest of the bike is super tight, I'm very impressed with it.
Once I get a baseline dyno tune done I'll look into the know FZ1 mods for the FI system.