Actually Bodge, I have a 97 YZ 125. Best bike I have ever owned. Only going to get a new bike next year cuz it's time. That bike is still fast, looks great, and holds its own on the track.
About your question. I have experienced notchy shifting in the past, but it was because my clutch basket was notched, and wasn't slipping into gear easily. It also lurched in gear with the clutch in. I sanded my basket down (I could have also just bought a new basket) and it now works great. I use synthetic blend or 100% syn oil, and change it every 3 rides or so. I am pretty good with this, and I think it really helps keep the bike running smoothly, especially a bike 6 years old. As for slipping out of gear, I HAVE experienced that, but certainly not often. Probably between 3rd and 4th, and like a false Neutral some where in there. I know what you mean, but it doesn't happen that often for me to really worry about. All in all, great bike. If you have any other questions about his bike, or I didn't exactly touch on what you are wondering, let me know. Been a great steed for me, and will be for someone else when I sell it.
-SterlingYZ