As Stazi said, great bike in need of a great engine... I guess you can get some more performance out of the bike with the standard Harley modifications... Transmission also seems to be an issue, not nearly as good as foreign units.
Anyway, what is your intention with the bike? Is this going to be your first?
Check out the Honda SuperHawk when you get a chance. 1000cc V-Twin, 1/2 fairing. Doesn't have a great following because it is not the typical 600 or 1000 poser bike. The S'Hawk runs 10.90s in the quarter, has good handling for a street bike, Torquey V-twin is FUN!, not a me-too bike, I can go on and on about how nice they are.
You can usually pick up a used one for around 3500-5000 in good condition....most owned by non-poser crowd so not abused.
I picked mine up new in 2001 for 7800 out the door, far below MSRP of $8999. These bikes don't move quick, so the dealer will be flexible on price.
Good luck