TL - Total Lunacy

Saw this on PB's forum and I'm struggling to work out what it is for. It looks like one of the later AMA TL1000s, but it has a front brake. There's no way someone would TT this though, is there? And a TL makes what, a good 120-odd rear wheel hosspower, yet this only has a single discs and super-steep steering, so as a street tracker it would be as unstable as nitroglycerine in a blender. The tank isn't exactly to my liking, but I'm not going to nitpick, because this thing is beautifully executed and quite obviously the brainchild of a particularly cavalier individual, and therefore fantastic on many levels.
Someone please give us more horse's mouth info on it. GI