Most of the riding will be on roads (80/20) as compared to the typical Oregon gravel/ logging roads dirts etc.
You had me nodding my head until I got to this sentence. I am having a bit of difficulty parsing this correctly. Do you mean by 80/20 - 80% road 20% dirt? I have yet to find a "typical" Oregon dirt road. On the Wet Side it usually means gravel in winter if it's maintained (or deep mud otherwise) and on the Dry Side it means sandy if it's dry or slicker than snot if it's wet unless you stick to county roads that aren't paved, those are usually pretty well maintained and you can count on a good layer of gravel in winter.
The Versys (like any other street) will take you down the county roads with no problem. But if you intend to ride more logging (or smaller) roads you will have to consider their condition before venturing too far. The biggest problem is tires, there is a limited selection of off-road tires that come in Versys sizes. The Distanzia's you mention are great (as are Pirelli's MT60 Corsa), but are really soft super-moto tires in this size. Pirelli now offers the Scorpion Trail in sizes that sort of work, but that is more of an Adventure Touring tire (90/10) than an off-road one. I'm waiting for the front to come in to give it a shot, though.
I love both Kawasaki offerings. I have owned a single thumper brit bike before and have looked at the BMW and the VStrom. I don't like those options and prefer the Kawasaki's.
I am not sure why anybody would buy a KLR (speaking as an ex-owner myself), but I guess KLR owners say the same about the Versys.
The other good option seems to be one you don't like - a DL650. It is almost as capable as the Versys on the street and the design lends itself better for dirt roads (both in chassis geometry and rim sizes). Yeah, it's not the prettiest design out there, but it works. It works really well, actually. It's also roomier then the Versys and can be made roomier still with a Suzuki gel seat or one from the DL1000.
You can put lowering pegs and a taller seat on the Versys to make it roomier than it is stock (it's like a sport bike compared to the V-Strom and KLR) and that helps a lot in the comfort dept..
Any advice is appreciated as the bike shop near my office has a 2009 new (3 miles on the clock) Versys for $5200
Hillsboro MC has both a green and a blue '09s for $4999.