I've been riding (mostly commuting) on my SR since the end of January, and only one time did I get a red "hot" light. It was a hot (105F) San Diego day and I was fooling around on the freeway, accelerating hard from 65ish to 85ish repeatedly -- because I can! I glanced down and saw the red light blinking. The gauge (I like to leave it on motor temp) was reading somewhere around 212F, and although I hadn't gotten to the point where it was cutting power, I started acting my age and it slowly started shedding heat, while still doing 70 mph on the freeway.
I've wondered since the day I got the bike though....I'll go out in the morning, many hours since I last rode it, and the motor temp readout will show me a good 20F higher than ambient. Say it's 60F outdoors (I love San Diego!), was well below that for hours overnight, and the motor will read at 85F before I've ever sent any power to it. It really seems like it reads at least 20F higher than true, at least at room temperatures. I'm wondering if my "overheating" event was really a premature warning.
Has anybody else noticed this? Does anybody know if there's an adjustment that the dealer can make to calibrate the temp sensor better?