Further to Dan's request and being a lazy git myself I have put in a link to wilkipedia here:
http://en.wikipedia.org/wiki/Ducati_916
Perhaps it will spur those more knowledgable souls to enlighten us further with more fascinating facts about this iconic motorcycle.
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The Ducati 916 manufactured from 1993 to 1999 was replaced by the 996 model in 1999.
First released in 1994 (very limited number released in 1993), the Ducati 916 was admired because of its epochally new design and outstanding technical features. Designed by Massimo Tamburini and his team at the Cagiva Research Centre in San Marino, it was a water-cooled version of the 888 that allowed for higher output levels, combined with a striking new bodywork that featured aggressive lines. It was later replaced by the 996 and 998 with similar design but revised engines and even more power.
Design of the Ducati 916 was a balance between function and form:
The single-sided swingarm was beautiful, but designed to make wheel changes faster during races
The underseat exhausts improve aerodynamic performance, and resultantly gave very clean lines. This feature was initially intorduced on Honda NR, however, Ducati popularized it and it is mistakenly considered to be one of the original trademarks of 916 line.
Massimo Tamburini went on to design the MV Agusta F4, the bike which is seen as his replacement for the 916 range, and it shares many similarities with the 916 especially in the tail section.