As a rider who just sold off an '01 bandit, I take issue with fl_strom's statement. The Bandit is all about low-end and mid-range torque... just because it looks a sportbike, doesn't mean it revs high like one. The riding position, while not as neutral as the V, is very close, footpegs included.
The real kicker for me between the 2 is weight... Even with the redesign for the '07, the new Bandit is still very much a parts bin bike, including its all-steel frame. I rode the west coast on my '01 last summer, from Astoria, OR to LA, CA and the massive weight of the bandit was an issue on that trip.... I'm not noticing it so much on the Wee; it's got an aluminum frame
Riding 365 in Seattle
2007 650DL, Full Trax luggage suite, Rotopax H2O & Petrol, Leo Vince full system, Givi crash guards with Pelican 1300 cases, Gel Seat, Powerlet, Heated Grips, Heattroller, Madstad, mini-screen, SW-Motech Center Stand.... always more to come
2005 Triumph 1050 Speed Triple