Just got back from my first proper ride on the Fazer, not been out for a decent ride for nearly 4 years (not had a bike for 3 years after selling my CBR600rr due to not riding it). We went up to the lakes, was out about 5 hours in total.
Thoughts are it's really comfy, smooth, nice power delivery, handles pretty well and gives you confidence. Obviously it's not a patch on the CBR's handling but it's still very good for what it is.
Bad points, the tank is tiny!! When my fuel light came on (30 miles from the nearest station) I thought the bike must have something wrong with it, rolled into the petrol station on fumes and filled it up, then worked out it had done just short of 50mpg, which is impressive. Just the range is poor, especially when used at night like I often will as petrol stations are mostly closed.
Talking about night riding, the lights are poor, so very very poor. I did the light mod today before going out and it's still terrible. Going to try some brighter bulbs though, hopefully that will help.
But apart from that I love it, I can't believe you can get such a good bike for so little money. I'm doing the national road rally in July, really looking forward to taking the Fazer on it, will try and get a few more rides in before then too.