I had a center stand on my '99 from when it was nearly new. It was very easy to pull the bike up onto it, unlike my old Hon CBR1000F, and it was great for wheel cleaning, tire pressure, parking stability, chain lubing on the road, etc.
After a track day at Willow Springs, where I didn't touch anything down - I have GSXR750 pegs with no feelers - I got nervous about it and removed it. Substitutes have been a rear wheel stand, for which I need someone to hold the bike while I lift it, and the QuickStand, which is nifty, but will dump your bike (my bike) onto its side in a second if you don't pay close attention to the directions and lock up the front brake with the velcro strap provided.
Removing the center stand required removing the mufflers and pulling the header pipes off the studs at the head, which required removing fairing, freeing up the radiator and removing the cooling fan. It was much of an afternoon for me because I spent a lot of time trying to get enough clearance to remove the mounting bolt under the tranny before I realized that pulling the pipes all the way off the studs would do it.
It was nice to get the bottom rear fairing back on, but I do miss the convenience of the center stand. And I could ride plenty briskly enough for my tastes without scraping the center stand - about 1/4-inch of untouched rubber at the edges of the stock rear tire. I may put it back on before going touring again this summer.