Just not as obvious when folded up. Unless I'm not looking at it correctly, I would think that actually using those highway pegs would be great for warming your feet in cold weather, but probably not real great when riding in 95 plus weather. It appears the radiator vents will blow right at your ankles.
Jerry
When I test rode the Limited I also was concerned about that, but after sitting on the bike I don't believe it will be an issue... Heat rises and your feet and legs should comfortably rest just a tad below the openings. At least it appeared that way from where I was sitting. The bike I rode did not have pegs installed, but I just imagined where they would be and where my feet would be positioned.
Possibly one of the new CVO Limited owners can confirm this.