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The eagle eyes at the Australian Motorcycle News bring us our first look at the 2015 Yamaha YZF-R1, as Iwata’s superbike was caught testing at the Eastern Creek International Speedway.

With the picture, comes the first rumored details of the new R1, with the biggest news being that Yamaha will bring two versions of the machine to market: one street version, and one for race homologation.

From the photo above, both models will heavily take their styling cues from the current YZF-R6, and will also continue to use a four-cylinder crossplane engine configuration — this revelation squashes any notion of a three-cylinder superbike from Iwata.

Honda’s road-going V4 superbike project has seemingly stalled, for the umptenth time in the past decade. While the bike has been rumored for years, the project just a year and a half ago was confirmed by Honda CEO Takanobu Ito.

Since that confirmation, the project’s delivery time has been pushed back, thought the Japanese motorcycle manufacturer has committed itself to building the MotoGP-inspired road bike.

With reports speculating on a possible price tag well into the six-figure range, the rumormill is on the rev limiter regarding this superbike, so if there is one thing we actually know about the machine, it is that we don’t actually know much about it.

A 1,000cc displacement is of course expected, along with a four-cylinder v-angle cylinder configuration. If we can presume a setup similar to what is found on the Honda RC213V MotoGP race bike, then make that a 90° cylinder head arrangement.

If we had really been on the ball though, we likely could have told you all this, six months ahead of Ito’s confirmation, as patent documents discovered by Spanish magazine SoloMoto shows the V4 superbike engine in line-drawing form, from as early as March 2012.

The continuing worldwide decline in sports bike sales has forced the Superbike Commission to reduce the minimum number of motorcycles to be produced for homologation, to be allowed to take part in the World Superbike series.

As of now, manufacturers wishing to race a particular motorcycle must have sold 250 bikes by the end of their first year of racing in WSBK, and 1,000 bikes by the end of the second year, half the requirements previously on the books. But manufacturers will still have to have produced 125 bikes before they can even embark on the homologation procedure.

The sales numbers have been reduced in response to the continuing decline in sales of large and middleweight sports bikes around the world, under pressure from increasing speed restrictions and monitoring on public roads. Even Honda is reportedly having problems selling the required numbers of the CBR1000RR SP, despite the popularity of the bike.

That the Honda CBR1000RR Fireblade is getting a little long in the tooth has been obvious for several years now. And that Honda is planning a very special V4 sportsbike to take the Fireblade’s place on the World Superbike grid has also been broadly mooted for the past couple of years.

The existence of the V4 1000 was first publicly acknowledged by Honda president Takanobu Ito, who spoke openly about the bike at the end of 2012.

Since then, there have been constant rumors that the new Honda superbike was to be introduced at EICMA in Milan this coming November. So persistent had the rumors become that Honda Italia last week was forced to issue a denial, sending out a press release to the Italian media insisting that the bike will not be introduced at the EICMA this November.

We may have spoiled Christmas last month, as our predictions for the 2013 Ducati 1199 Panigale R appear to be spot on as we get news from Ducati’s 2013 model year press launch at EICMA.

As expected, the highlights to the 2013 Ducati 1199 Panigale R are the inclusions of titanium con-rods, a lightened flywheel, DLC-coated rocker-arms, a four-point adjustable swingarm pivot-point, a 500 rpm rev boost, and a bit more power (courtesy of a full-system race exhaust and ECU).

While the “R” spec Panigale officially makes the same power as the other models, the race exhaust included with the purchase of the machine is good for a few more ponies up top, giving the Ducati 1199 Panigale R a 201hp top figure, a modest 6% gain up top, but also a 15% increase in the midrange.

Like all Panigales, the Ducati 1199 Panigale R has ABS, ride-by-wire throttle control, traction control, engine braking control, and features all the amenities on the “S” spec model, like the DDA+ data logging system.

Fanned by a recent article in Motorcyclist (and an earlier article in MCN from the same author), rumors abound that Honda is working on a 1,000cc V4 sportbike, likely to be called the RVF1000R. A supplement to Honda’s superbike offering, and not a replacement to the CBR line, the new RVF would be a more premium superbike offering, differentiating itself from its inline-four cousin in a similar manner as the Rc-45 and RC-51 motorcycles did in previous decades.

If rumors are to be believed, we could see the new Honda V4 as early as the end of this year, with the major differentiation over the CBR1000RR being both the RVF1000R’s price, performance, and exclusivity. If done properly, the new Honda superbike could be an opportunity for the Japanese company to build some brand value beyond making cheap & reliable motorcycles. While the Japanese manufacturers have a reputation for making quality bikes, their work has never been translated into lifestyle status brand value, which is something a premium superbike could help foster.