When my Gen-II spins 4000 RPM she is rolling at 118 kph according to the GPS with the present BT-023 tires, worn to whatever they are and with the tire pressure set to 42 psi cold (it does affect circumference) - that's 73.13 mph - that would be 4375 rpm for 80 mph. Note that the tach is not a calibrated instrument.
My indicated speed is the same as the GPS at those speeds because I have a speedo healer that I've calibrated to the bike. If I didn't have the speedo healer my speedo would be indicating about 8% higher.
That claimed 500 rpm differential between the Gen-I and Gen-II was what Yamaha said when the Gen-II was released.
Again, thanks to all of you for your answers. It seems that when you do the hard math on the published ratios that the difference between Gen I & II is only 100-200 RPM's at 80, however many of your indicated RPMS seems to vary 300-500 RPMS.
Overall I think the addition of the gear selection indicator will at least stop me from wanting to false shift. I've ridden the current bike for 9 years and have been happy enough to keep it that long so any reduction in 5th gear RPM's will just be gravy.
Looks like I need to contact the Yamy dealer and see what I can actually purchase one for. After that I'll need to determine the value of my pristine '04 GEN I with <20K miles and get it advertised.