I did this mod on my new Ss and couldn't be happier about it. There's a 1/2 dozen threads on here about it and I think I read every one before I did it. so much thanks to all who contributed!
If it werent a brand new bike, I would have gone the cheap route and terminated the hose into a $5 paper filter, but since it was new, I spent the money and bought the best catch can kit I could find:
http://kdfab.com/Accessories.htm
Even if I didnt buy it, the printable instructions are useful:
http://kdfab.com/catch can instructions.htm
Only problem I had was with the hoses that came with the kit. They are pre-cut to the size for MOST models. They are a bit too short for the Ss, so I had to cut new hoses about 3/4" longer than the ones pre-cut for the other models (I used the extra hose they give you in case you want to route the filter to the tail). The kit comes with a metal breather filter that can be screwed into the back of the can, out of site.
The kit is over-priced, but if you've got the money, and you want the most professional looking installation, I would recommend this kit. For me it was worth $$ for the clean stock-look, and because there's no maintenance other than emptying the can once in a while.
My only complaint is that I gotta do this $%#&ing mod in the first place. As I see it, this aint a "mod". It's a fix.