Sorry for the plain photos. All were taken from my crappy cell phone camera.
So here's what I got from the visit to this session of the Canton Fair motorcycle exhibit.
There really wasn't much to see at the show. Nothing new in my opinion. Actually there were an alarming amount of remote controlled battery powered skateboard products sharing the space with China's motorcycles, which I thought was odd. Maybe I have just been anticipating the x5 for so long that I couldn't see the forest for the trees, but this motorcycle really stole the show. It's got great styling is a very nice adventure touring size (400cc). I didn't see any other 400s in the show. All bikes pretty much went up from 125-150 then 200-250 and after that straight up to 600cc for the Jialing JH600 and some other ATV type vehicles. I think everyone will agree that producing a 400cc is a little unconventional in China. Unconventional but awesome.
The overall quality of the bike looks very good, but of course proof is in the pudding when it comes to Chinese bikes.
I didn't show them in the photos but the sidemirrors look like flimsy rubbish; probably the only area of the bike that looked rubbishy which isn't too bad. There is a nice looking skid plate, all of the idicator lights are on nice bendy mounts, the componenets/guages look quite nice, and the stainless exhaust looks very high quality (better than the rubbish on the Long March!). The gastank was a monsterous 20 litres and is styled/fitted to the side of the bike, kind of like some of the KTM gas tanks. 19 in front wheel and 17 inch backs. I hope they add hand guards as stock as there were none on this bike and it is clearly designed as a adventure tourer. No biggy though. Also a center stand on the adventure tour model would be nice. I didn't get to sit on it but the seat was formed and looked like a BIG step up from the standard mortorcycle seats you find in China.
Anyway that's a run-on description of what I saw.
Now for the bad news: You will see in the photos that there is a very standard carb installed. I asked the rep and he confirmed that this model is NOT yet EEC. For those of you not in the know, that means that you can't register a motorcycle of this size in China without EEC approval (European Emmisions Certified). Steve Wang, the rep there, said that they are working on it and when the bike hits production it should have EEC. I don't know what the hold up is, because Shineray already produces several bikes that are EEC.
More bad news: If you read this whole thread you will know that the x5 was anticipated to be in production spring of 2012. This time has come and gone and still there has been no word about production ETA. I asked two reps about this bike at the fair. Honestly speaking, they both didn't know much about anything regarding the details of this bike. They both had no idea of the approximate price, although we think it will be in the 20,000RMB area, and one guy said that it would be in production at the end of 2012, and the other said the beginning of 2013.

If it's of any worth, my feeling is that Shineray's delays are being caused by two possible reasons (I'd love to hear the opinions of any other members of MCM on this.):
1. Because of the odd size of the motorcycle and the recently enforced EEC laws in China, they are hitting complications in production. Ie. How the heck can we make this bike EEC. This reason seems unlikely especially because they have at least two other bikes already EEC compliant.
2. the more likely scenario is that they are waiting for someone from the foreign market to make an order on this bike so that they have an excuse to make it EEC compliant, seeing that there probably isn't that big a market for this bike in China, especially because of the pricetag.
Anyway, let's hope that they release it soon, because it looks like a great ride and answer to the dreams of all Chinese adventure riders.
Unfortunately the bottom line is... don't hold your breath for the x5.