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All the conjecture can finally be put aside, as Yamaha has finally pulled back the curtain on its rumored third variant of the current YZF-R1 – we simply know it as the 2016 Yamaha YZF-R1S.

As was rumored, the Yamaha YZF-R1S sits below what we used to call the “base model” R1, offering an even more affordable option for riders who couldn’t quite afford the current R1’s hefty $16,490 price tag.

Yamaha made no qualms about saying that the current YZF-R1 was a track bike first, a street bike second. Now replacing some of the more exotic parts on the R1, the R1S keeps much of the R1’s track-oriented DNA, but offers it in a more paltry $14,990 price tag, on a bike that is directed at more price-conscious street riders.

The end result is a machine that loses many of its magnesium parts for aluminum ones (oil pan, engine covers, wheels), as well as its titanium ones for steel ones (connecting rods and exhaust headers), which cause the YZF-R1S to gain 9 lbs over the YZF-R1.

Furthering the watering-down trend, the Yamaha R1S loses some power too, thanks in part to the steel con-rods, as well as a revised valve design.

As we speak right now, Endurance World Championship machines are lapping around the Paul Ricard Circuit, competing in the 2016 Bol d’Or 24-Hour race.

Ahead of the endurance event though, Yamaha’s factory teams debuted a tribute to the company’s 60th birthday, as Yamaha Motor Company was founded in July 1955.

For us YZF-R1 fans, this weekend means a special yellow and black “speedblock” livery for the Yamaha race bikes – a paint scheme that will be available to the general public (in Europe, at least) starting December 2015.

This isn’t the first time that Yamaha’s special limited edition speedblock livery has helped spice up the R1, and like its previous efforts, we like the result. The added Akrapovic pipe is a nice touch too.

Speaking of results, Yamaha Austria Racing Team (YART) is sitting in second place, at the time of this writing, just one lap behind the leaders, Honda Endurance Racing. Meanwhile, the French factory team that is Yamaha GMT 94 team sits in 5th (+4 laps), with roughly 11 hours remaining in the event.

We’re sure Yamaha would love to tie-up this press debut with a victory at the French track, with either of its yellow-clad factory teams. Until then, we have some super high-resolution photos of the 2016 Yamaha YZF-R1 in its 60th Anniversary livery. Drool over them, after the jump.

When the 2015 Yamaha YZF-R1 first broke cover last year, it was with two model designations: the YZF-R1M and YZF-R1S. Obviously, only one of those machines has come to market, which is peculiar since Yamaha went to some trouble to register both names with the USPTO.

What happened to the YZF-R1S is up for conjecture, though it does seem the model, whatever it may be, is destined to arrive in the US market, as the model name has been spotted in documents filed by Yamaha with the California Air Resources Board (CARB).

With the Honda RC213V-S debuting at Catalunya last week, much has already been said about Big Red’s road-going GP bike…especially in terms of how it compares to other halo bike motorcycles that have been 0r currently are on the market.

So, in the interest of exploring solely the most basic attributes from a motorcycle’s technical specification sheet, we have compiled a spreadsheet to see how the Honda RC213V-S stacks up against its most analogous street bikes.

As such, we have compiled the horsepower, dry weight, and cost of the the Ducati Desmosedici RR, Ducati 1199 Superleggera, Kawasaki Ninja H2R, MV Agusta F4 RC, EBR 1190RS, and Yamaha YZF-R1 motorcycles — you can see the easy-to-read chart (after the jump), and make your own comparisons to the RC213V-S.

The big news out of the Isle of Man TT today is that Michael Dunlop is dumping the Milwaukee Yamaha team, and its 2015 Yamaha YZF-R1 race package, in favor for a BMW S1000RR in Stuart Hicken’s Buildbase BMW team.

The move comes after critical practice days were lost to bad weather on the Isle of Man, which in-turn caused Dunlop to feel that he could not tame the R1 in time for the 1,000cc bike races.

Yamaha has been rolling out some interesting YouTube fodder lately, with the most recent installment being a short video that features the five project leaders from the different generations of Yamaha YZF-R1 superbikes.

Unfortunately, we don’t get to hear too much from the Japanese project leaders, other than a quick one-line synopsis of what their project goals entailed, but we are treated to some good visuals of Valentino Rossi flogging the 2015 Yamaha YZF-R1 down the race track.

The best part of the video though might be the pride shown by these project leaders — they look like proud fathers standing next to their creations.

Racing season is now truly upon us. MotoGP kicked off ten days ago at Qatar, last weekend the British Superbike championship had their first race of the year at Donington Park, and this weekend sees a bumper crop of racing. MotoGP is at Austin, where MotoAmerica also kicks off its inaugural season since taking over the AMA series from the DMG.

World Superbikes heads to the Motorland Aragon circuit in Spain, where they are joined by the Superstock 1000 and Superstock 600 classes. It is going to be a busy weekend.

Despite the bustle of action, the amount of real news emerging has been limited. Teams and riders are too busy racing, absorbing the lessons of the first races while preparing for the next races, to be plotting and scheming beyond that. Here’s a rundown of things you might have missed anyway.

The 2006 Yamaha YZF-R1 LE livery, which was a yellow, black, and white homage to Kenny Roberts Sr., is perhaps the greatest livery ever to adorn an R1, straight from the Yamaha factory.

Whether you are a loyal subject of King Kenny, or you just enjoy the fetching, yet simple, racing design, the Roberts livery is a treasure to see in any form — but especially so at speed.

Giving us a glimpse as to what the 2015 Yamaha YZF-R1 would look like with such a limited edition paint scheme, Oberdan Bezzi has once again whet our appetite ahead of a weekend full of riding.

And for you Giacomo Agostini fans, there is something special waiting for you after the jump as well. Enjoy!

The long-winded “Yamaha France GMT 94 Michelin Racing” team is ready for FIM Endurance World Championship action this year, especially with the all-new 2015 Yamaha YZF-R1 motorcycle.

The new R1 offers state-of-the-art electronics, as well as near-200hp from its crossplane four-cylinder engine, and the French team is looking to capitalize on those improvements in the EWC for 2015.

Yamaha France took the 2014 title in a convincing fashion, so it will be interesting to see what riders David Checa, Kenny Foray, and Mathieu Gines can accomplish with their new toy. We’ve got a bevy of high-resolution photos for you, after the jump.

The international moto-press was gathered in Australia this week, some for World Superbikes at Phillip Island, and others for the 2015 Yamaha YZF-R1 launch at Eastern Creek.

While we’ll have our assessment of the new R1 and R1M for you to read on Wednesday, we thought we would whet your appetite with some on-board footage.

Lapping at the Sugo Circuit in Japan, we get to see the new YZF-R1M go through its paces, quite convincingly we might add, but more importantly, Yamaha has visualized the electronics data coming from the superbike.

Lean-angle and acceleration telemetry comes from the R1M’s IMU, and the graphics also include when the traction control, quickshifter, wheel-lift control, and our personal favorite: slide control, are aiding the rider.

A visual, aural, and technical delight — we think you will enjoy the video, after the jump.

It is something that we have expected ever since we heard of Yamaha’s intent to bring two different variations of R1 to market, so it should come as no surprise then that the Yamaha YZF-R1M has been homologated by the FIM for use in the Superbike & Superstock 1000 classes.

Actually both flavors of R1 have been given the nod by the FIM, though we know that if given the choice, teams will choose to develop the YZF-R1M over the base model, especially as it comes with upgraded suspension pieces and carbon fiber fairings.