Yamaha V-Max coming in late 2007
Yamaha will release a new V-Max model later in 2007 or early 2008. The first V-Max model was offered in 1985 and almost created its own niche. The new V-Max is rumored to have a 1800 cc V4 engine.
Yamaha wants the new model to be a storming success, but it will definitely be harder to establish the bike as "one of a kind".
Source: Motorcycle Daily