Received mine a few weeks ago. The welds are a work of art. The black powder coat is expertly applied.
Fit is good using stock bolts. I didn't say excellent because at the top there is a gap where it touches the engine case. In contrast, the OEM skid plate is molded (or cast maybe) to the exact curve of the engine case and therefore it seals water out of the battery area. Not a big deal. But the factory plate is actually pretty damn nice, albeit the metal is too thin.
'12 DL650 Adventure black Russell seat; '05 TTR250; '13 Zuma 125