Sounds so much better than what it actually is, gigady 
I have finally managed to get my bike running consistently after a summer of non-stop 'FAIL' messages (After having had the bike since early June I have only been able to log now 300km...) thanks to the boys at Pacific Yammy/BMW/Husky...
I have reinstalled the O2 sensor as I would consistently get 'FAIL' messages using the resistor plug. The cat converter has been removed and I have also removed the heat shield wrap from the headers (which to my surprise had actually been burnt black and had embrittled the wrap itself!) We also adjusted the FB values to:
FB1: 115
FB2: 110
FB3: 100
Unfortunately she still does not ride all that well. Just putzing around town (ie to school and back - 20 mins a way) my headers glow in sub 20C temps. Stalls off of idle (very scary in traffic btw...) and will lurch at constant throttle above ~6000rpm. Oh and backfires like an SOB on decel. My crankcase also gets hot enough to burn my ankles if I'm wearing regular shoes...
Any ideas on how to get this puppy running more reasonably? To be honest I"m pretty disappointed that such a high end bike would run so poorly. I gotta ride her in super low rpms just get from A to B.
I really want to rider her harder but I just can't afford to blow an engine... I can't imagine the degree of thermal cycling is all that good for my valves... So I'm back to not riding.
Thanks for the thoughts and help!!

I have finally managed to get my bike running consistently after a summer of non-stop 'FAIL' messages (After having had the bike since early June I have only been able to log now 300km...) thanks to the boys at Pacific Yammy/BMW/Husky...
I have reinstalled the O2 sensor as I would consistently get 'FAIL' messages using the resistor plug. The cat converter has been removed and I have also removed the heat shield wrap from the headers (which to my surprise had actually been burnt black and had embrittled the wrap itself!) We also adjusted the FB values to:
FB1: 115
FB2: 110
FB3: 100
Unfortunately she still does not ride all that well. Just putzing around town (ie to school and back - 20 mins a way) my headers glow in sub 20C temps. Stalls off of idle (very scary in traffic btw...) and will lurch at constant throttle above ~6000rpm. Oh and backfires like an SOB on decel. My crankcase also gets hot enough to burn my ankles if I'm wearing regular shoes...
Any ideas on how to get this puppy running more reasonably? To be honest I"m pretty disappointed that such a high end bike would run so poorly. I gotta ride her in super low rpms just get from A to B.

I really want to rider her harder but I just can't afford to blow an engine... I can't imagine the degree of thermal cycling is all that good for my valves... So I'm back to not riding.
Thanks for the thoughts and help!!