I have one. Love it.
75K miles, nearly all on back roads, two-up, and, while my sweet wife is a delightful companion
and a slip of a thing
, on multi-day trips, she lets me have the tank bag; she gets the rest.
And, despite having been an early "victim" of that oil-pump issue Todd mentioned, along with a CARC that went south [Not sure anyone else had that happen], it is a delight.
As far as I am concerned, the more maddening perennially persistent problem was the oil-pressure sensor. I eventually solved that after fixing what everyone correctly told me (and I was in denial) it was the culprit.
As I said, I rarely run the slab, but others who have 'em and do that, tell me that it'll do that all day at illegal speeds, two-up and loaded. The OEM rear shock sux green eggs. R&R'd that with one of Todd's after pivoting on a curvy back road with The Perfect Pillion aboard. Has been a delight since.
[Edited after posting 30 mins ago to add that MG went to a beefier spring in, I think, '08, but did not up-gun shock. If your "fighting weight" is not over 200, the better spring may work for you. May.]
An Atlanta friend of mine has one that he is about to put on the market for <$2K.
No, really. 2008, I think. He is a fanatic about maintenance, but ... erm ... how can I put this candidly and kindly? I can't.
He doesn't care about how it looks. It has duct tape on some of its cracked tupperware. Lordy. Makes me weep.
Feel free to call or email if you want more on firstgen Norges or that one in particular.
Oh, and Jim Barron at Rose Farm Classics is a local source of great Guzzi wisdom for you:
http://www.rosefarmclassics.com
Bill
404.EIGHTZEROEIGHT.8486; wrhaganATearthlink.net