All the info here is essentially correct. FBR had low-mount Akra's in addition to the stripped-down harness, race ECU (130 hp out-of-the-box), and race plastics.
I picked up my Basic Racer in late 2008 from the original owner in SF. He'd gotten it from a Honda dealer in Reno in '03 with the intention of racing it in the AFM starting in '04. Before that, he updated it with Attack clip-ons, rearsets and adjustable offset triple clamps, SP2 wheels, Kyle link and Ohlins shock, and had Kyle breath on the forks. Then, after just a couple of trackdays, he took it out and crashed it in the Saturday practice before the first AFM round. That necessitated new skins (Sharkskinz) and exhaust system (Akra's were trashed :-( ). Thus, it got the rainbow Mori's and a solid black paint job.
This is what it looked like when I picked it up.
I've done quite a few trackdays in the three years since and it's a very well set-up and enjoyable ride. Only big change I've made was to add a slipper. Other than that it's just been gas and oil and tires. Lots of tires.
Lowsided it twice at Laguna, but it's just got a few scratches from that. It's a bit heavy, though it handles well and makes it around the track pretty quick. I'm old and slow but still manage 1:45s at Laguna, 1:58s at Sears Point, and 2:13s at Thunderhill. (I said I'm old and slow!)
Occasionally I lust after more corner speed or HP. I never wish for something that sounds better, though!