I myself have been thinking of doing that with my 1198S.
Finally, FINALLY, there is something coming up for us West Coast guys...
www.mojavemile.com
Having raced a Hayabusa for years (but never a 1 mile or LSR), there are so many little things that can help out for this. If I can make the event, my goal for the mile from a standing start is going to be 175. If I can click 180 on GPS, I'm going to be ecstatic but that's a real long shot. (Yes, 5 mph is a BIG jump).
Motorhead, some things to help you out, if you didn't already know. LOTS of info from the Hayabusa boards...
Remove mirrors (obvious)
Remove rr turn signals/license plate
Fresh oil change
clean filter, no oil
GOOD map
50 psi front/rear
Rear brake pads pried apart
*Ceramic wheel bearings*, or, the poor man's bearing mod (stock bearings, remove the plastic innards, re-oil)
CLEAN chain, preferably non-O-ring
remove bar ends
Head on tank, ass as far back as you can, elbows in
Clutchless shifting
R1 throttle mod
Removal of front/rear dust seals off brake calipers (but, obviously, not fluid seals)
Add a small spring on the pin holding brake pads in place, pushing pads out (be cognizant that you may have to pump the brake once or twice when slowing down, but this is really for LSR on salt)
Adjust gearing to suit tranny ratio's (I have a gearing calculator, but it's needs your tranny gears to be perfect for your bike. I can email it to you or anyone else that needs it)
If you wanna go big, get a set of BST's with above said bearings, Ti rotor/sprocket bolts, and cut rear brake rotor/wave rotor.
Try to find a hard rear tire, with decent tread in the middle but worn down sides. This will give you the hard, but lighter, size tire that you want.
When I had my Hayabusa, I was always on
www.suzukihayabusa.org . Those guys, are serious. Racing turbo 500.....600....700 rwhp Hayabusa's, dragging them and LSR/mile. Many of the tricks that they use can be directly applied to us.