Thanks guys.
Dropping the needle a notch got the little sputter out of it and the power comes in much better.
The thing I noticed today is that he seems to have decided that he's more comfortable riding just below the powerband, he starts to feather the throttle just before it hits so that it won't run away with him. That's fine with me. When he's ready, he can always reach down and get some more. I mean, he's riding great and airing it out plenty. In fact, today he was clearing a flat top and landing on the "sweet spot" about twenty feet away!
What worries me is whether or not lugging the bike out of turns is harder on the engine than keeping it topped out. He likes to keep the bike in third gear and feather the clutch a little as he comes out of the turns. I keep after him about short shifting and riding a gear or two higher than necessary, but if it's not hurting the bike, then I'd just as soon let him ride it his way and work himself into a comfortable rythm (without developing too many bad habits).