Jamie...Thanks for the plug.
My take on intake.
If you don't want to go the cost and aggrivation of the Tuneperson (politically correct) or PC, I too would stay away from the undertank because of the ambient temperature issues. You'll be cooking the filter over the engine, like a pig (no offense meant) on a BBQ.
If you require the room under the seat for storage, the triple filters are the way to go but again, you need the PC/Tuneperson so factoring in the filters plus the Tuneperson / PC you are in for about 700 bucks for maybe 12 horses and a lot poorer fuel mileage, something to ponder if an when (I should say when, not if) King Obama gets his Cap & Crap initative rammed through the senate. I'm afraid we'll see 6 buck gas then. Me, I'd rather get 40@ $6.00 than 25@ $6.00. I know, we didn't buy the R3's for mileage did we? Or didn't we? I like a mileage figure better than my cage anyway. Last time I checked I was getting 40.55 (GPS) MPG. Don't forget, I ride like the old fart I am.
Coincidentially, the restrictive portion of the intake tract (limiting CFM) is the plastic neck under the tank....that stays with the undertank filter anyway.
That's a lot of FRN's for 12 horses in my book, but then, I'm cheap.
In as much as I don't need 12 extra horses or be 700 bucks lighter, I just replaced the underseat filter with a K&N. Interestingly, the OEM pricing on the pleated paper filter is very close to my price on the website for a 'last as long as the bike' K&N. (TB2204) $64.97 plus my usual cheap shipping. The recharge kit is 12 bucks and change as well.
I went K&N TB2204 because after the OEM, the second filter covers the price of admission. If you want periodic mega-power, but a go bottle on with some foggers.
Anyway, the filters are on site. I believe I only have one in stock but it's usually no longer than a week wait for K&N to fill my orders.