I've enjoyed my Bridgestones so far.. I'll tell you, tire prices had me debating on changing bikes! But these Bridgestones are pretty close to 'normal' bike tire prices and so far they have been fantastic.
The 240/55-16 does raise the rear of the bike about an inch. It is a noticeable difference in height when stopped. Also, by raising the rear of the bike, the front end is pulled in a bit, making the bike more 'flickable' in the corners, but I do notice that it takes away some of the straight-line stability on the highway. I feel my bike us a more affected by side winds and it likes to basically go where ever I'm looking.. Not a real complaint though, just something I've noticed.
I've got between 5 and 6 thousand miles on mine now and they are holding up well. I can't remember the mileage I was at when I had them mounted! I guess I'm getting old!.. lol