That's probably just the sound of POWER thru the venturi's!
I seem to recall the Linear Control Valve (LCV) operates during warm-up, and closes when the oil temperature reaches 176-degrees F (80 C) something-or-another . If you turn the bike off with the kill-switch the LCV stays in what-ever position its in. If you turn the bike off with the key then the LCV returns to its default 'home' position which I think is closed. While riding, warm, the LCV wouldn't normally operate however if the bike gets below 176F maybe it does slide open to allow more air into the intake manifold, I don't know for sure. If that's the case then air hissing noises when warm would be normal venturi sounds, vacuum hose damage, or its all in your head (j/k). There's a couple guys with hand-on experience who may chime-in to put more flesh-on-the-bones of this topic.
weponx:Does anyone know if this is the same valve that makes noise at like 65 or 70 mph. it sounds like its releaving some crankcase pressure. it comes on and off like it cycles. i only noticed the sound after i put my big air kit on. Does anyone else here this noise at speed?