I went from the 1199 to the V4R.
Does the V4R have less torque than the V4, yes, and a lot less torque than the V2. But it very forgiving. IE it rides like a 600 under 8k and like a banshee over 9k. Its a different bike. One draw back i have, is the heat on the V4R makes the 1199 seem like the arctic tundra. I have the akra installed on the V4R and its still almost unbearable unless you are doing 80+. I never complained about my 1199, but that is my only complaint of the V4R.
I had a smile on my face all the time when riding with my 1199, and now i have a smile that doesnt go away when i see my bike let alone ride it. I have seen my 1199 out and parked my V4R next to it... and i am not upset with my decision to let her go. She served me well, but this new breed makes my heart thump even more.