Yes, Paul!
When I picked up my '07 new as a holdover model in Dec. '08, I noticed the gearing to be taller than my '03 and made a mental note to change it over at my first service. My sales rep asked how I liked the bike, and one comment was re: the gearing. He stated pretty much what you said about USA emission standards prompting the taller gearing and that, he believed that the dealership (Spectrum Motorsports) routinely changes over to a 15 tooth as they receive the bikes. Perhaps they overlooked mine, he thought.
Come the 600 mile first service, I wound up with the bill for a new sprocket and labor. I didn't realize until your post that I need to address fueling and restrictions in breathing other than the air box as well. Thanks for the overview. It will help me move on to what is next. --Jon