Alan, the failure you're thinking of only affected a number of 700cc models. There's been no recorded failure (that I know of) on the later, 750cc machines.
Murray (Embee) has taken the precaution of changing his on the grounds that he would rather do so in his workshop than halfway up a mountain. I want to be like him when (if!) I grow up..
On the AT forum a guy had similar issues and it looks like it was a defective spark plug cap arcing back to the bike. I suppose with huge volkages being splashed around it may well have caused the ECU/Sensors etc to get confusing messages and fall over. Just a thought.