09-10-12, 05:10 PM
Like chitsu said, no fix (nor none needed) for the sensor ... it is what it is.
These motors can hide oil as many have fretted about over the years. If you want to get an accurate oil level reading, go for a ride, come back and leave the bike on the sidestand initially. Then after 5 mins or so, put it on the centrestand and leave it be for a few minutes more. What you see then is pretty much as good as it gets.
Top up the oil level as necessary to get to the top line. Some advocate adding a drop more but too much isn't good, either. Be sure at least to leave a bubble at the top of the sight glass.
The spec sheet says oil consumption can be as high as a litre every 1000 miles - yes, that much! FWIW, I had a '99 R1 which I babied too much on running-in and switched early to fully synthetic oil. That motor used about 500ml per 1000 miles. My '02 Gen 1 had a tougher upbringing and doesn't use a drop between oil changes at nearly 50k miles now.
I doubt you have much of a problem to worry about. Check the level as suggested and repeat for a few hundred miles until you've put your mind at rest.