SDKOSKEY...
First off, welcome to the board.
I have a '07 B1250 on order. The arrival date keeps getting pushed back, now I'm told 1st week of March. We'll see!
I chose the new Bandit for a lot of the same reasons you've stated, with insurance premiums being one of the biggest factors. OTD price of $7749 doesn't hurt either.
The other biggest factors were the water-cooling and fuel injection. EFI sorta spoils ya, and the W/C gives the engine longer between overhauls. If you plan on keeping a bike for 5 or 10 years, that's a big consideration.
When you've owned as many big-bore 4-inline muscle bikes as I have they get in your blood. I'm an old Kawi guy too, I can't count how many Z1 and KZ 900's, 1000's, and 1100's I've had, plus GPZ's, a Z1R and even a KZ1300 6-banger for a while there. Not to mention a couple H1's and H2 triple strokers...
You know what I'm talkin' about, whether it's 4 years or 40, once you've had a few big 4's you're hooked. All the Bandit 1200 models fit that category, including the 1250. There's not going to be a huge difference between any 900cc up to 1300cc inline-4 family of bikes, they're all around 100 HP and up, they're all gonna be within 50 pounds of 500 either way more or less, and they're all easily tweakable, moldable, and modified to fit your own taste and style.
One thing that excites me a lot about the B1250 is the torque it's been reported to have, at such low revs... 85 ft.-lbs. at 3700rpm? That's insane! I can't wait to see what happens when I do a snap roll-on at 70mph in 5th gear... you can bet I'll have my balls up by the filler cap when I do it!
And I'm with ya on the top speed thing... how often will I go over 150mph these days, in my 50's... but then again, the B1250 is no slouch there either. With the extra 6th gear, the theoretical top speed at 9500rpm redline is 186mph... which means probably about 165-170mph in reality. Not too shabby.
Like you, I did my research on what's available for the 2007 model year... and in my opinion, the B1250 is the most motorcycle for the money out there, with the lowest insurance premiums available in a bike with this kind of performance. And it fits my style like a glove... a classic, big-bore 4-inline muscle bike in every sense of the word.
Whatever you decide on I know it'll be the right choice for YOU... and if I get my bike before then and I can help you with any info you need just ask. That goes for everyone else here too...