I too am a proud owner of an R1, 2005 Raven to be exact. I am in the process of doing some mods over the winter, unfortumately I live just outside Toronto. For now the bike is stock except for the clear alternatives rear light and competition werkes fender eliminator.

Upcoming mods include Termignoni slip ons, carbon fiber fairings, ohlins suspension and damper. Will post pics upon completion.