All New Yamaha YZF-R1 Breaks Cover In Milan

That's where the new YZF-R1 comes in. It spares no expense in its pursuit of excellence and features many exotic weight saving materials. An all new high power four-cylinder engine is based on the existing R1 big bang crossplane crank engine but with substantially more power at 200PS. The new model also features an all new aluminium/magnesium chassis that puts power to the ground better than ever before via sophisticated suspension and lightweight magnesium wheels.

But what is really bound to excite supersport riders is the new R1's incredible number of control technologies - some of which have never been seen before on a production bike. Technologies aimed at helping the rider concetrate on riding - and developed by Rossi and Lorenzo in the white heat of MotoGP performance.

The event featured a host of Yamaha legends including Giacomo Agostini and four time YZF-R1 mounted AMA Superbike Champion Josh Hayes, who is eager to race the new machine having also tested the prototype:

"This is an all new bike from the ground up. It isn't just a revised version of an existing model or even a new generation R1 - this has jumped two generations. We built a winner with the old R1 and now this bike comes in at such a higher level that I feel it will be a great challenge to develop it," explained the US rider.

Australia's Sydney Motorsports Park in Eastern Creek has been selected as the venue for the world launch in February 2015. British based Aussie R1 superbike racer Josh Brookes is looking forward to riding the new model at this event on a track he is familiar with.

"I can't wait to get on the new model, everything about it sounds awesome. We'll really be able to step up to the next level with this new bike," says Brookes who has signed on for the Milwaukee Yamaha team for 2015.