Bought a 2002 black framed R1 after owning CBR6's for 15 odd years. Power and handling is amazing, to be honest there is to much power for the bumpy B roads i ride. Full throttle results with massive tank slappers, so you have to short shift through the gears. I find a 600 suits me better, i am able to thrash a 600 on these sort of roads, whereas the R1 is to much. I know a steering damper would cover this up, but i still think think i would be quicker along the same piece of road on a 600.
Running costs are amazingly cheap, it returns about 45mpg, a set of sticky Pirelli Corsa's lasts me 3500 miles, i am hoping the new Michelin Pilot Power will last about 5000 miles. Insurance is dead cheap, it costs me £128 fire & theft for the year.
The only modification i have done is an Akropovic titanium end can, and I have had it Dyno'd at 142bhp (I dont know what it made with the standard can).
Everything seems well made, seems as good as my Honda. I have seen stone chips on mudguard of other blue models, but new they only cost £75. ( i replaced mine after disc lock accident).
Lovely handling, loads of low down grunt, easliy read dash, reasonably comfy, even through town. Good value for what you get, and in my opinion the best looking 1000cc bike of that vintage (the fireblades look bland, with crap colour schemes)