Hi Paul
Welcome to the FJRForum. You just bought a great bike, consider this forum icing on the cake as far as getting the most out of your investment.
More that that, however, I have found that the members of this on line community are what make it more than worthwhile to spend your time here. Feel free to ask your questions, but try the search functions too. This forum has a rich history of knowledge posted by it's members. Spend some time reading past threads that pique your interest. Enjoy your time here. Don't make yourself scarce.
As for the ignition switch question, last January Yamaha came out with a re engineered ignition switch and issued the recall you heard about. It affects year models 2006, 2007, 2008, and early 2009. Since you just bought a new left over 2008 model, your dealer should have done all recall work to your bike before you took delivery. If you have any doubts, get in touch with your dealer and have them do a recall history check on your bike's vin number. If any recalls are still not done on your unit, have them do it.
The redesigned switch is an improvement on a marginal device. Make sure it has been installed. There was a ignition switch failure in the recently completed Iron Butt Rally, near Las Vegas last week. It cost the rider a lot of grief and lost time - unnecessarily so - because he did not take care of the recall before the start of the run.
In my signature line is a link to the post describing the Ignition Relay Harness. In my humble opinion the recall switch should work as designed. However, it's a band-aid on a marginal design that my unit improves upon. If after doing your homework, you decide to install it, I will be more than happy to sell you one.
The main thing to do right now is GET SOME SEAT TIME on your new ride. :yahoo:
Enjoy!
Brodie