Did some digging around online to learn what I could about this thing and how it relates to the current V-Rod.
Engine is called Revolution X (V-Rod was/is just Revolution), both right and left hand engine covers seem to be bespoke and slightly smaller, and is SOHC (V-Rod is DOHC) with different cam covers. The newb gets a 6-speed trans (wish my VRSCR had this), where the V-Rods all have been 5-speed. The whole engine/trans package seems to be more compact overall, which is good since the V-Rod's is pretty damn big. Difference between the two new displacements is bore only, no doubt for parts commonality.
A little study makes me wonder what, if anything in terms of parts, is shared with the V-Rod other than the general layout and liquid cooling. It would appear that the engine breathes from the right side like other Harleys (same general single-throat EFI setup for more parts commonality?) versus vertically on the V-Rod (for those not in the know, the "gas tank" on the V-Rods is actually the airbox lid, housing velocity stacks on top of the throttle bodies).
The V-Rods respond well to hop-ups, and I wonder how long it'll take for goodies to start appearing for these. For some reason I see these things getting dirt-tracked...