Swoop,
That's a Moto GP Werks exhaust. They're made over in Orange County and they are BADASS!!!
I have one installed on my CB550 and it sounds just as good as it looks! Only a dozen or so are made every year, and the price point is pretty reasonable given the quality.
It's a two part system that, if I take the muffler off I can put a center stand on my bike which is nice.
Only drawback is that I have to take the entire system off to change my oil filter..
Still... Worth it!