I have a Gen II FJR (06 model) and was going to re-spring my rear OEM shock just last week myself with a spring that I purchased from RaceTech. I was successful in removing the shock and spring myself, but getting the spring off wasn't particularly easy. I ended up using a set of smaller car strut spring compressors (and a lot of patience) in order to compress the primary (hard) spring enough to lift out the restraining collar/seat. Yes, without a doubt, the stock OEM shock for a GenII can be resprung... I stopped short of installing the RaceTech (Eibach) spring however because I determined that my rear shock had blown a seal with only 11K miles... The shock body was covered in oil and when pumping the shock without the spring installed, there was a sound that I can only describe as gurgling with a VERY inconsistent dampening rate... As a result I ended up shipping back the RaceTech spring and ordering a GS-3 shock which I should hopefully have in a couple weeks.
At any rate, all I can offer up is to tell you that it definitely can be done, but it isn't easy and apparently the overall build quality of the OEM shock may not be worth the effort or investment if you can save up to eventually get any other aftermarket rear shock. Everyone is correct in stating that the OEM shock can not be rebuilt (but can be resprung). As I previously mentioned, mine was dead at or before 11K miles but it seems like most go out between 20-30K miles. If you didn't know already though, the rear OEM shock actually contains 2 springs, one short and "soft" and a longer "hard" spring. If you go the route with RaceTech they only send you a replacement for the longer, "hard" spring. It's my understanding (but I'm not for certain) that the spring kit from Hyperpro replaces both springs with a single, common, progressive rate spring... Someone else may know more about Hyperpro springs however...
If you decide to proceed with changing out the rear spring, once you have the shock dismounted the type of compressor you need will be fairly obvious, but the spring is VERY stiff to compress. The tool I used, I rented for free from Advanced Auto Parts... It's just a potential option for you to save some money instead of buying something...
Hopefully that'll help you some... If absolutely necessary and someone requests it, I can post up some pictures of a disassembled OEM rear shock as it's sitting on my workbench at the moment...
And lastly, yes, RaceTech will honor the current Group Buy discount for a rear spring...