I have been reading this post with interest, and thought I would chime in. The 124 uses SE cases, and has a much better crank assembly and the timken bearing. I have a few friends that have the 120R that ride hard, and I can say they have never had any crank issues as of yet, and the standard lefty bearing seems to be holding up also. The G2 126 is a different animal all together. It uses SA cases which are huge and beefy, and also has a longer pinion shaft to compansate for the big cases. I have seen one, and they look tough as nails for a touring bike.
As far as putting one in a 06 and newer chassis, it can and is being done at Star Racing. All you need is an older 5 speed and complete primary set up, and it will drop right in. I spoke with Derrick on the phone about this, and they have 2 being done in the shop now. They can supply you with short exhast adapters so you can cut and fit the exhaust of your choice, and they have intakes also. I was going to do this myself on my 07 117, but traded on the skunk instead. Now I have the bike that caught my eye, but am going from 137/139 back to a turd!!

Having been down the road of doing a few 117`s, I know how expensive it can get. My only thought on the 124 and the SE cases is that I had my 117 pull the cylinder studs out of the rear cylinder costing me another set of cases I am sure and was told buy a few that it could have been due to a bad heat treat on the cases, because the new ones worked like a champ until I traded.