Dman said:One suggestion: please don't cover it up! Aluminium panelling would be sweet, but that frame is sweeter!
I'll second that, and add a suggestion; why not fair the wheels instead? Fairings like the one on the front of this Guzzi* would look good on the wheels (especially on the rear), and would still allow that cool suspension and frame to be seen. Of course, you'd want to use your metalworking skills to make them out of aluminum instead of plastic.
*Looked closer at the pic, and realized it's a Honda CX, not a Moto Guzzi.