I get 40-44 in the local mountains, depending upon how aggressively I'm riding.
When touring, I average between 46 and 48, depending upon my speed. On one trip where I consistently held my speed down to 65MPH (indicated), my over-all average was 48.3 for the 3400 mile ride.
Eddie
Completely stock '03 1200S, except the pilot screw plugs have been drilled out, allowing me to adjust the screws 3 1/2 turns out.