I'll probably get flamed for this as someone that's prejudiced against small riders, but...
I think that your first bike should be smaller...I do not think ANYONE should start on an 1100. I also think that your first bike should depend on your size.
I think anyone that is under 185-200lbs should start off with a 500-600 and I highly suggest the CBR600. You can get a 1988-89 era CBR600 for just a few thousand...parts are cheap, the bike is light and it's an all-around stable bike.
Anyone over that needs a bigger bike...I've always like the VFR750, myself, but their price is, I think, prohibitive for a first time bike. In addition, their parts are higher as well. A good call on this one would probably be a Suzuki Katana 750. Not a bad all around bike (not close to a VFR, though...if you can afford it, it's one of the tightest rides around). If you're a big guy (250 lbs+), maybe a CBR1000F (circa 1990 or so) would even be a good choice as long as you lay back on the throttle for quite a while.
In short, I think you should get a calmer bike than a liter bike or a race-ready type (900RR, ZX7R, ZX9R) for your first...it's not like you can't buy/sell as often as you like. As a matter of fact, with bikes it's quite often easy to find trades. Friend of mine did just that...went from a CBR600 to a CBR900RR and is now heading for a Ducati...all in about 15 months.
Good luck!
[This message has been edited by BigDog (edited 04 July 1999).]