I bought mine (96′ – black) two years ago almost and love it. It was/is my first big bike, engine is bullet proof as long as you take care of the bike. I have 32K miles on it, and most of the guys from the seca forum have 50K+. I have used it as a learning and commuter, all I used this season was the seca to get around (Hartford, CT – Boston, MA) twice a week. The only issue I had with it was the voltage regulator at 30K, which was $38 and 15 minutes of my time to change. Check the forum there is a great community and people out there solving/helping out with problems.
The seca is a seriously overlooked bike, Yamaha just brought it back this year as the FZ6R – which is fuel injected now.