So, are ya'll happy with the Rally as is ?. I plan on getting one. I think it would suit me fine.
I'm very happy with my Rally. I think it punches more above its weight than any bike I've ever owned.
However, it did need some improvements in order to meet my wants and desires. The OEM suspension was absolutely inadequate. It seemed to be sprung for a 120 lb rider. It was like a bad pogo stick and I could easily bottom mine just riding across a dip on a paved county road. I really dislike it. I had Konflict install Tractiv suspension from Rally Raid and it is tied with the best suspension on any bike I've ever owned (tied with the upgraded suspension on a 500 EXC I owned).
I made a few other mods in order to make the Rally a lightweight adventure bike - luggage rack, skid plate, windshield extension, more comfortable seat, aux power outlet - but I have done the same or similar to almost every other dual sport adventure bike I've ever owned.
The key for me is that I had to accept that the Rally is not fast and will never be fast. Once I got my brain wrapped around that fact, I was happy with the Rally.
As I was preparing for MexTrek last fall, I was debating whether to ride the Rally or my fully built DR650. The plan was to ride from the border all the way to Guanajuato and back, with a good portion of that being pavement. The DR's power makes it better on highways for things like passing, climbing, and cruising at higher speeds. However, I also knew we would be exploring some new dirt while in Mexico and the Rally's lighter weight, better suspension, and better transmission made it my preferred choice. What to do?
I debated back and forth and finally decided to ride the Rally just because I liked it the most. It has a more comfortable seat, does a far better job at keeping the wind off me, and is generally more comfortable to ride on long trips. I resolved to just put up with its relative slowness on highways and warned the guys I was riding with that it would be a limitation they would have to endure also.
So I was pretty pleased when I discovered I could run 70 mph on the highway about 95% of the time. I was not expecting to be able to do that. I even told my riding group on day 1 that I would likely be limited to 55-60 mph on many of the highways we would be riding (due to the altitude we were riding at). On long uphills I would lose speed but less often than I anticipated, and it turned out to not be a big deal. Instead of just enduring the highway sections, I actually ended up okay with them when I found I could run 70 mph for hours on end.
To be fair, 70 mph was almost wide open. At speeds above about 50 mph the Rally doesn't have enough power to quickly pass a slower moving vehicle. Which means you can get stuck behind a car or truck if the passing lanes are short, whereas on a bigger bike you could easily zip around that same vehicle in the same location.
To put it in perspective, I've had the Rally for 3 years and it is now 2nd in the category of "longest I've ever owned a bike". I had a KTM 500EXC for 4 years. If I keep the Rally one more year it will surpass the 500 as the bike I've owned the longest. And, as of right now, I have no plans or desire to sell it and get something else (which is odd for me).
In the big scheme of things, I like everything about the Rally more than the 701 and 690 I owned, except the motor. The 690/701 are wonderfully fast! The 300, not so much. However, everything else about the Rally was better for me than the 690/701 - transmission, (upgraded) suspension, (upgraded) seat comfort, stock fuel range, regular octane fuel, weight, wind management, comfort, and smoothness.
At speeds of 60 mph and slower, the Rally is awesome. At faster speeds, I consider the 300 Rally to be "barely fast enough". However, if you want more, there are aftermarket upgrades you can make to get more power. With a big bore kit (takes it from 286cc to 301cc), exhaust, cams, intake, and ECU mods you can get a big increase in torque and a 4-5 horsepower gain (approaching the power output of a stock DRZ400). Still not fast, but faster than "barely fast enough". My guess is the extra power wouldn't add much top end but would make passing at highway speeds noticeably quicker and enable you to more frequently hold speed when climbing. The tradeoff is money ($2k or so for all the mods) and having to run 91 Octane fuel (not always available in Mexico and other countries).
If I could pick any bike to ride to the southern tip of South America, the Rally would be on the short list.