Looks like someone else took it for a ride before you got to it!!

But in all seriousness that looks like some serious moisture contamination of the oil. You will need a good long ride to get all that moisture to evaporate out of the oil.
On a side note, a few days ago I elected to do a little winter maintenance on my 550 and took the clutch cover off. I was shocked at the amount of condensation in there. There were beads of moisture everywhere like someone had splashed water inside the engine. Start it up and all that water gets mixed in with the oil.