For some reason I'm not convinced that you have the cam installed and timed correctly. Just a feeling.
That's also what I'm trending towards after thinking about it today. The pictures in my Clymer/Haynes manuals are conveniently not all that helpful. I seem to have fuel (wet plugs), I seem to have spark (new, tested plugs and properly routed coils), I seem to have compression (passed thumb-over-hole test). Under the 3 step process harisuluv mentioned, air fuel/spark/compression, things are in order. Obviously, in reality they're not for some reason and I need a little more help than one word answers (harisuluv)
If you all don't mind, can we break this camshaft position/timing down a bit?
--I interpreted the camshaft installation as aligning the notch towards the #4 cylinder. (rider's right)
--timing notch at ignition advance mechanism is aligned to T mark on 1-4 (TDC, right?)
--The notch is pointing towards the font of the bike.
--Viewed from the rider's right, straight on/down the barrel, the notch is parallel to the engine's top surface.
--Cam chain and cog are lined up so that when tightened, the above criteria still remain true
I'll be more than happy if someone explains I'm wrong or 180deg off in any of those steps. If these steps are indeed correct, I'm open to (wordy) suggestions as to what my next steps should be.