This is what I was hoping for from Termi, but I think they missed their mark. I think it comes partially from no longer being in cahootz with Ducati like Akra is now and partially from wanting to crank out an exhaust quickly to take advantage of the V4 buyers anxiously waiting to buy an exhaust.
It just looks messy IMO. I feel like they could have taken their time and produced something like the D16RR system where it reconfigures the tail to look neat, which would look a million times better. But instead they just threw something together and cranked out some carbon fiber panels to hide the mess. That D16RR exhaust system appealed because it was bona-fide MotoGP in style, made the bike look like a GP bike with lights. The V4 termi exhaust makes the V4 look like a wannabe GP bike.