It probably has drain holes, but god damn, they couldn't at least provide a blanking panel for the hole? Even base model cars do that. Can you imagine if you bought a base model car with crank windows, etc, and the missing gadgets in the dash were just holes? A plastic panel for that hole would cost them about 3 cents. My impression of this bike is that it will be a base for touring mods anyway, so people will probably put something else there, but $18K seems about $2-3K too expensive for this bike considering what you DON'T get. For $18K I'd be looking at the Heritage.