i was considering doing this as well, but changed my mind because a few owners (speeddog i think it was?) posted a warning about front wheel clearance. risk of bottomming the wheel out against the radiator or the front cylinder.
you're better off raising the rear instead.
The front fender can be 'lowered' by swapping the plastic mounting clamps side for side ( Tom/Infoage's tip ), that may relieve the interference between the fender and the radiator with forks in stock position, I have not done that.
Thanks for the info. Did anyone try to lower the fender yet?
My stock fender had a little run in with my disc lock (oops!) so while its not really bad, I am thinking about replacing the stock one with a "superbike" fender that I'll guess will run lower. I'll post it in the mods section if I do.