Thats actually the regulator under the seat, the CDI is in the electrical container. I have to give it to Scott the bike is very well laid out, minus the regulator. I had it moved cause my jack kept hitting it. I have actually had a better result with it there dont have to worry about the road debris or it getting wet after a rain.

And Yes i have been caught in the rain with the bike, for 2 hrs straight with no cover. It felt like a friggin monsoon. Not a lot of fun but the bike handled well