Chip, unless N-Line does something for the 09s radically different than they've done for prior models hiding the hitch behind any trim or cladding won't be an option. Their horizontal receiver takes that hitch and u-joint system straight out the rear. At least for the prior year model bikes it's a pretty good sized piece too.
Thank You for that picture!
That picture is exactly why I think painting the hitch to match the fender will keep it from standing out so much.
There will be no hiding it, but there's also no reason to wave a flag that it's there.
That picture will be what the 03 Classic looks like and with chrome bumpers on both ends I'm ok with that.