The belt is a sore point for me because I really want to recommend an FXS to some friends. As it sits now, they would break it.
I also have a Buell Firebolt XB12R in the garage. Its like the exact opposite to the SR... just as a FXS would be the opposite to my CR500 supermoto.
I really feel like they THOUGHT they could use a narrower (and thereby less drag, and higher efficiency) belt because the motor does not pulse, there is no clutch jerks, or drivetrain lash.
The reality is that while the motor output is smoother, the environmental input has not changed. Potholes happen. Traction losses and recoveries happen. These shocks to the drivetrain can snap the belt. Then theres the usual belt worries of rocks and sticks. as you mentioned, buell handled this with guards, but they also had the top of that roller up high. This made the belt bend upward and kept it from going low near the front of the wheel.
I can accept the rock/stick damage... but the spinup/shock belt snapping just ruins the FXS for me. I really want to say "buy this guys... its silent, and theres no chain and we can all go wheelie and hit some jumps... but it wont take the jumps, and without a clutch you're limited to power wheelies. (for those that dont fool around in such ways, the short answer is, a power wheelie will wheelie but you're moving fast, a clutch wheelie will lift the front up, but you can be very slow, or even stopped. One is foolish to do in a confined safe area, the other is low speed fun)
While I miss clutch-ups, I can live without them, and they can too.. but when you cant even hit a speedbump without worry.. eeeh.. I cant promote that.