I don't mind the looks, but I do think it loses some individuality with the loss of the dual headlight deal. It's ugly, but the old one is ugly too, along with all of the other "adventure" bikes out there. These ain't the kind of motorsickles you buy to look at. I think a lot of folks are going to be pissed if they change the wheel size though, and I hope it weighs in a bit less.
In other news, that little twofiddy that's coming out looks like a barrel of monkeys. Or it could be a barrel of monkey turds, who knows.