EDIT -
The internals of this engine are far similar to the gen 1 but on a much more robust scale (except the rods which I just don't fully understand). I do like what I see in general and congrats to the engineers. But, the power is only proportional to the engine cc's so they really didn't gain a lot over the last 25-30 years with the technology improvements which I am still disapointed in (though I still like their power and potential when doing upgrades).
The old 1200cc made 110-115rwhp which is .092 hp per cc.
The new 1700 makes in the 165-170rwhp which is .097 per cc.
Compare this to the 2009 R1 which bone stock makes about 145rwhp in 1000cc's.
This is the equivalent to .145 hp per cc.
If the R1 had the same cc's as the gen 2 it would make 246 rwhp! This is what I would have expected with all the new technology that the gen 2 was supposed to have.