James and I are drinking the same Kool-Aid. For sport touring on a budget, do not overlook the first gen Connie. All day riding ergos from the factory, dirt cheap examples available everywhere, and like the Feejer, if you take care of the bike, you just can't break it.
One thing to consider on a budget as it relates to your question is tire cost. Sport touring bikes EAT tires and the FJR is not immune from it. You could go to the dark side and extend your tire budget, but if you compare apples to apples, plan on increasing your tire budget substantially.
Still - Southerncruiser and I feel the same. After owning many motorcycles (including a '79 XS750 BTW - 1000 mile day on that??? Really???), I can confidently proclaim that after all of the discussion is done, until you have ridden the bike 10-20 miles in varied conditions, it's all conjecture. In 2010, I got my FJR introduction at Deal's Gap. User Designflaw and I were rallying there with the Nighthawkers and he made the wonderful suggestion that we "swap bikes for a run". That of course changed my life and the rest is history. As long as they are making FJR's, I can't see having any other S/T bike at this time.