I've got the flat spot too, but no smoking at all after about 80 miles or so. Spoke to my dealer and he said he heard something about some bikes needing a re-flash. They are going to investigate when I bring it in for my 600 mile service in a week or so.
I love my S ABS. I think the people worried about the bike haven't ridden it yet. It is like riding on rails. All the talk about no torque in the low rev range - yes, maybe in the 195 low setting. but in 196 hi, honestly, it has more torque than I can use from 4 to 6 grand. Nevermind over 6,000... The real test will be in the real world. People that ride and race them. This bike will see a lot of podiums.