No it's not same as F.A.S.T. kit.
This kit you talk about, will leave the filter (more) open. It's also refered to as "open aibox".
So, this is Trojans version of "open airbox" (sold by American sportbike).
This allows more air into the engine than the big bulky original airbox design.
The F.A.S.T. kit is taking all a bit further with a new thermal matt, a larger aluminum velocity stack and a completely different K&N filter. FAST cost a great deal more, but it's a little better. The idea is mainly to get the engine more (cold) air. To get most out of both these upgrades, it's also worth to consider using a tank dummy with more air intakes.
Don't forget to remapp the ecm (or use a powerizer or Tfi) when doing these upgrades. Otherwise the bike will run too lean (bad).
Trojan is reliable, i have used them many times.
