Here's mine at lake Vrynwy during last weeks trip to Wales, camera is pretty old so resolution is crap when you zoom. Done quite a bit to my Fazer now and it rode superbly in Wales, the best / easiest trip I've done so far riding wise. Pulled up next to some blokes Tracer for comparison, nice bikes although the rear end is a bit weird and the front reminds me of an inflatable dolphin. I don't think I'd have one. I can take some better pics at some point if you like.
Forgot to add, going the naked route is only marginally cheaper if you want it to look at least half decent and still fully functioning. I did it because I damaged my fairing but had always planned to eventually make it a naked. Just a shame I couldn't reap back some money from selling the fairing like I planned. Bare minimum you will need headlight (£40 ish), brackets (£25 but depends what you go for, not all have indicator holes mine didn't so had to improvise), aluminium sheet (£5), some rubber trim (about £2), bolts (£5-10). Then ideally you need a screen to hide all the untidy bits and keep a bit of wind off, they actually make a big difference as well. I got one from ebay made by puig, it was £50 I think. Will take time and patience to fit and make all the parts for this and some basic mechanical knowledge, if you need the bike every day then it's a bit of a pain and I would recommend just replacing or repairing the fairing. There are 2 quite untidy areas that are left as well on the front corners of the frame above the engine which I am still not sure how I'm going to fill, something will need to be custom made again I think and it's beyond my skill. My point really is to save money / hassle going naked isn't your option, you have to actually want a naked fazer. Is it actually worth it? In my opinion yes, but others would say the classic fairing is timeless and instantly recognisable.