Awesome! It looks good, but the particular kind of red coloration that Yamaha choosed gives me the idea of a more "modern" naked bike... I mean that (probably as you said) a more "classy" kind of red would have enforced the "sport heritage" look: if I want a light-red, sporty, naked bike, I'd buy a ducati monste. If I buy an XSR 700 is because I like the "retro-look" that it offers, and that kind of red quitely kills that retro style, in my opinion.
Still a nice bike after all; maybe in real it looks better.
Thanks for sharing