I've had my 08 ER6f (in green) for a few months now, and have to say it's a really great pice of kit. Simple sure, but does what you need it to, and then some! I'm a little biased as this is my first big bike, but I looked round at bandits, fazers, SV, hornets all the typical first bike choices and can honestly say that I made the right choice. I commute 100miles a day in & out of London and the ER6 takes it in its stride.
The good: Great engine that pulls magnificently (can beat faster bikes off the line with all the low down grunt, but they'll get you in the end!) excellent manners and very predictable so won't catch you out. I've got the fared version and looks great. The newer models even more so. Great basic set up with not a lot to go wrong.
The bad: Ok, so this is a budget bike which does show in palces. The farings buzz, which can be solved by taking them off and putting dampers in (I like to get my hands dirty so not a problem for me). Some of the joints do show signs of rust if you don't look after it, but nothing to get too worked up about. Could use a hugger too to help keep it clean, especially in the winter months. The main thing I changed was changing the handlerbars. I found the riding position to sit up for my liking, which meant the faring didn't really work on motorway. Swapped it over to some clip on style sports bars (you can import them from America) and completely chagnes this bikes attitude for the better! Handles much better, makes the faring actually work, and suits the style of the bike. I would highly recommend doing this.
In the end, great bike to start on, you can have a lot fun at the weekend with your friends, and still be a great commuter for the week. Probably going to keep this as my commuter when I look to upgrade, I like it that much!