Moto Guzzi marks the 50th anniversary of its V7 model family and its racing roots with the race-tastic, limited-run V7 III “Racer.” This third-generation model brings a distinct cafe’ racer vibe to the table along with modern comfort and performance for what the factory hopes is a bike that is “more pleasure to own and ride.” Did they succeed? Well, the jury is still out on that, but the 52-horsepower engine, fully-adjustable rear shocks and pillion pad hidden under the tail fairing certainly bode well for the Racer. ’Guzzi boosted the power this year, and it also updated the visuals and slimmed the bodywork down for more appeal. Traction control provides some contact-patch protection, but that seems to be the fanciest gadget the Racer has to offer. Join me while I dive in to ’Guzzi’s new tribute piece to see what makes it tick.