**bump**
yes,you can cut the springs in the front fork,but you don't want to do much more then an inch...i think you can also get stiffer springs for it,not sure myself,some one will fill in here...
for the rear,you can either get lowering blocks,they mount to the stock location on your swing arm and move the shocks back about an inch and a halve or you can get shorter shocks,11 inch shocks i believe....
more people will jump in for more info....