Yep this one is obvious. Its been sititing. Change the air filter, spark plugs, and clean the carbs. Remove and clean the jets. The varnish will be heavy sitting so long so I'd pass on the trusty seafoam and take the carbs apart. Its not that hard.
Slopoke: 10 bucks its the carburator....probably is all dirty with old gas...was the problem i had with my old Vstar.........probably wouldnt hurt to clean out the jets, and replace the plugs as well......
DarkStar: Start by draining all the gas and then run an aggresive mixture of seafoam and high octane gas thru the bike. For an 03 with that low of miles, my guess is it sat more then it was driven and the carbs are all gummed. Might need to take the carbs apart and clean them real good.
Was this bike recently running great? Is there more to the 1,000-mile story!
Washingtonwarrior: Hasn't he already run several tanks of fuel through the bike? Was it running bad when he bought it because it seemed to run OK when I saw it. Is this something that started recently? Could be bad gas too, where's the fuel filter on that puppy. I'm not familiar with that bike but if it was running well for a couple of hundred miles and started running poorly, I'd probably tune it (air filter, plugs, fuel filter, timing) Since you gutted the exhaust, you might be running lean too, you could rejet the carbs and look for crap in there. Also, bad gas from the station would make me think drain the fuel, change the filter, sea foam and plugs. None of this costs too much. Not sure about the jets, used to be cake on bikes I've done in the past.