I've got the same problem, the ticking. Mine is a 2005 with 25500 miles on the clock. I just had the 26K service done and the valves didn't need adjusting. Tick still there.
I've talked to the dealer to see if he can support me in getting the tick fixed by Yamaha. I had the 5 year warranty and...
Thanks for the info. If I have the cojones to tear it apart, it will save me a couple hun by not taking it to the stealer, er dealer...
Botajet
ps: Since I'm new here, what's the cutoff between Gen I and Gen II machines?