My man has one on his 01 blue R1 and he's happy with it and it looks sweet. Haven't had any problems with the screws coming out, the thing flying off while going down the road. It fits properly, like the stock seat does. The only thing that I noticed at first was a little bit of color variation at different angles but I feel it was worth the $130 and he is happy with it.
I don't like my factory cowl very much. Sure it looks good and all... but it doesn't fit right. Too much play front to back. I had tape pieces of cork between where the back sits against the hook things (cylindrical bar at the back... if you can picture what I mean).
But maybe mine's just a messed up piece /images/icons/crazy.gif.