The smoke coming out of the pipe is normal. I've had crazy smoke pour out from the front of the bike twice now. Once was after about an hour on the throttle at 100+ mph in the rain (Trying to get home from up North before the tornado's hit...). I stopped, turned the bike off, and about 10 seconds later the bike started billowing smoke (Actually it looked more like steam) from the front end. I have no idea what was causing it, but it was coming up through the triple tree/gauge cluster area, it smelled kinda funny, and after about 10 seconds it stopped. The other time was a hot day, after a spirited ride, but it was only a little smoke and for only 4-5 seconds. The second time looked more like burnt electrical smoke.
Both times me and my GF were like WTF... After inspection, both times there were no visible signs of what the culprit was.
I've had other new bikes that got that smoke and smell while burning off the cosmoline (Not sure if they still use that when shipping bikes overseas), but this bike had over 1500 miles when this happened.
Sound familiar to anyone?