Ok, dumb asses... It is a braced Aluminum swingarm. They have tried CF in the past and even frames can be made from it. Problem with CF is that oftentimes, it is too rigid... Believe it or not... Second, I am willing to bet that it the 2007 M1 - NOT the 2008. Why? 2008 is currently being developed and they certainly are not going to let one sit around and do a show circuit... They may have the 2008 sponsors and colorways on the bodywork, but doubt it to be the 2008 model... Third, the clutch you are seeing is a typical dry sump system found on every MotoGP bike. Think Ducati clutch, but not shit... The clutch is mounted high and pretty much as right behind the cylinder head as possible. This compacts the motor front to back to allow for a longer swingarm which results into better handling. Something that has been around for years. Take a close look at virtually ANY newer sportbike and they incorporate this as much as possible. The R1 when it first came out had this mentality shown on a production bike. A bit of coolness is that the MotoGP teams have their motors pretty much CNC machined. No casting. It is all one off stuff 100%. The $20 million budget Chris spoke of is not pumped up. If anything, it is more nowadays considering the higher reliance on electronics and such. F1 used to be $200 million... These bikes are so rare and so damn one off in the way they are built that you cannot appreciate one (ANY of the brands) unless you see it up close.