Re: Thermostat? 1000RR 2004
That drop in temp after the initial warmup is the thermostat opening and letting cooler coolant in from the radiator. Both of my bikes that have had digital temp gauges have done that...it's normal. Honda's tend to run hotter than most other bikes...fan will come on around 220 and might go as high as 225-230. I wouldn't be worried until it went up above 230.
For piece of mind, with a completely cold engine, put your bike on a center stand or have a friend hold it straight up/down and check the coolant level in your reservoir. You will see two lines on it. The lower one being the minimum level it should be when the engine is cold. If you're somewhere inbetween the two lines it's pretty much ideal, IMO.