I'll chime in. I tend to lurk here and post elsewhere...
I have had the 696 for several months. I am 6' 200lbs. I have owned various bikes including R6, R1, 748, BMW R1150R and various cruisers. I have been fortunate to have ridden a wide range of bikes.
The 696 is one of the best all around bikes I have owned. I find it comfortable, and nimble. As far as power, I dropped to a 14 tooth front and it was night and day. The bottom end is so more responsive now.
Would I like more power? Yah of course. Could I have bought any bike I wanted? Yes ( except Desmosedici) Can I ride to the limit....no. Now granted, I have done numerous track days, bike schools, and have been riding for 14 years. The limiting factor on every single bike I through a leg over is me. This past weekend I was riding with my buddy with a new R1. He smokes me in a straight line, but that is not why I bought the Monster. When we get to some twisites , I keep up just fine. He is also a very skilled rider.
I actually swapped bikes with my friend after watching him kill me in a straight line. I loved the power of the R1, but I always let off at about 75MPH. Why? Tickets for one. I have two small children at home is reason two. Was it a rush to blast away on a liter bike? Sure it was, but if I really wanted that, I could have bought one. I wanted a bike to have fun with on a day to day basis and not a narrow focused weapon to use only on the track and chugging around our congested streets. At the end of the day we pulled into the driveway at the same time. Which bike do you think got more looks and more people in cars pointing or saying what a nice bike that is? The Ducati...true story. I also think I had a better time than my friend. He wanted to just open it up and rip. I was happy pushing the bike a little hard and felt in control. He was frustrated with traffic and wanted to pass slower cars on the country roads. I was cool with sitting upright and cruising at 75mph. I got off the bike smiling and he got off his bike pissed. Reason is his bike is not all that fun going slow, it needs to be revving around 10K + to get power out of it. My power is on at legal speeds, which is where I intend to do most of my riding anyway.
Now the question is 696 or 1100? Again I could have bought the 1100. I rode it and it was sweet. I made up my mind taking into consideration that the 1100 would get me to the corners a little faster, but the difference was not that great. Now granted, the 1100 has better forks, open clutch, single sided swingarm....all things I lust for. For some reason the 696 just felt right. Plus I factored in the cost of modifying the bike. I will spend close to $3k when I am done with the wish list for the 696. Include updated gear, and I will have over $5,000 plus the price of the bike. A pretty great bang for the buck in my opinion.
If " street cred" is all you are looking for...look elsewhere. By a 'Busa to brag and drag, buy a Ducati to carve.
Jim