As far as I know, the latest ABS system is fine. The first generation system has well documented problems (that Honda won't admit to). The front brake lever would intermittently go back to the bar, as if it were suddenly full of air instead of brake fluid. It was also a bitch to bleed when the time came to replace the brake fluid - something like a 4 hour job. I must admit, I haven't had that pain/experience, but my local dealer did confirm that. If you're going to buy from a dealer, get them to remove the system. It saves quite a bit of weight too. All ABS systems have a 'self test' / warning light. It's dead easy to get that sorted by just earthing one of the dash wires. Otherwise it stays on permanently. No-one likes to see that! In reality, because the ABS was so rubbish, I think most bikes of that model year are now sans ABS. Like I said before, they're awesome. I went from a VTR 1000 to this Blade, and it's like being fired out of an effing catapult! Also, the folks on here are great. Oh. One other thing to bear in mind. The Ultra Low Emission Zone charges in cities are probably around the corner. The 08 onwards are Euro 3. When the rules change in whatever city you live near, the arse will fall out of the value of non-compliant bikes, as well as cars.