I traded my FZ-1 on a 2002 R1. The FZ-1 is a great bike, but not sporty enough for me. I lowered the risers, piped it and put Ivan's needles in. The bike rips. No doubt about that. Almost too much power for the suspension. The front end gets really light which is scary in the corners. I'm going for better handling with the R1. That FZ is a wheelie monster though!
I've got an FZ1 and love it! 8500 pleasure miles in 8 months isn't bad Especially when I didn't take any trips over 500 miles! I love the thing, but then why wouldn't I. It rocks in the twisties, is a blast at the strip and is all-day comfy! Plenty fast, too. a 10.918 1/4 mile time with a 200 + pound (beginner drag racer) rider on board. The only performance mod Ive done so far is go down a tooth on the front sprocket.