How do you get a B4 under 300 lbs??? Fill the tires and the tank with helium? That is more than a 70 lb savings!!
Seriously, I looked mine over pretty closely and other than ditching the center stand, side stand and signals (~10 lbs), there appears to be little to save. If you use an all carbon body, including the tank and $2500 magnesium wheels (maybe 20 lbs.), I can't see where that kind of mass could be saved. Please give us all a rundown of the light parts.
BTW, I have 0.85 kg-mm Race-Tech springs (they didn't have the 0.90 in stock) and a '03 GSX-R shock coming. I will try to document the shock change with pictures and post when finished.