I was looking at both. I ended up going with the Versys. It seemed a bit smaller, lighter and a bit lower than the wee-strom. Less ugly, too, LOL. With it's 17 inch front wheel (wee-strom is 19) it's more sporty.
I got rid of my '99 VFR for the same reason...I wanted something lighter for everyday use that was still comfortable for long trips. With the addition of Givi luggage and a Sargent seat, and the upright riding position, it is comfy.
Since I have a 30" inseam, I did lower it with Speedy's kit. I probably could have dealt with it, but the pegs are right where you put your feet down!
I'm loving it and looking forward to the upcoming riding season. For the first time in awhile, I can't wait to get the Versys out of the garage. The VFR was just too heavy, and the CBR 929 became too uncomfortable for me.
The Versys is a pleasure to ride and still sporty enough to satisfy my sportbiking background!