Looks like it is real and coming. No shaft drive and only a 34.6" seat height (how freaking tall do you have to be). USA 2020, so the Europe will first get the machine to take out the bugs.
http://www.advpulse.com/adv-bikes/yamaha-tenere-700-world-tour/
http://www.advpulse.com/adv-bikes/yamaha-tenere-700-world-tour/
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