That bike is 80% awesome. Why they put that much effort then use a WalMart looking swingarm is beyond me. I dig the concentric chain adjuster, but the singe bent tube looks like an afterthought.
I hope to built a one-off like that soon, though.
<edit> Dave, I love the nightster. I found one at auction for $3500 and damn near got it (had very minor right side damage from a low side).