OK...so post-break-in, I've been experimenting with this and can tell you for certain that 1st gear will power-wheelie quite easily. 2nd gear, not sure sure yet but still experimenting.
Here's a quick how-to for anyone wanting to try it (not on public roads, not around people...and other legal disclaimer jargon):
1) Make sure the engine and tires are warmed up (bike has no temp gauge so ride around for 5-10 min before you try it...don't try this straight out of your driveway as it will be bad for your motor and cold tires won't hook up very well)
2) Find a spot with solid tarmac (no dirt or gravel as they will cause your back tire to spin rather than hook up)
3) Cover the rear brake and roll along in 1st gear with the bike around 4K RPM (too low on the RPM and you won't have enough power to lift, too high on the tach and you'll run our of RPM's before the fun starts)
4) As you are rolling, chop the throttle quickly (the front end will compress slightly if you do it fast enough)
5) Get on the throttle very quickly (you need to snap the throttle fully open and do it immediately after you chop it)
6) As you snap the throttle open, lean back a little in preparation for the front end to come up (if you're scared, your natural inclination will be to lean forward which will make it harder/impossible for the wheelie to start)
7) Ride wheelie from 4k RPM until...well, until either you run out of road or until you start to run out of RPM's on the tach/red lights come on
8) When you decide you want to put the front end back down, don't chop the throttle (that will just slam the front end needlessly), back off it gradually and keep rolling to help distribute the weight as it comes back down. If done correctly, it won't feel harsh or abrupt at all and you'll just keep going on your merry way.
If this doesn't work for you, there are 3 more things you can try (outside of using the clutch, of course):
1) Sit a little further back on the seat and extend your arms to help get more weight over the rear wheel > I'm 6', 190 and don't need to shift my weight at all on the FT
2) After you chop the throttle and as you snap it wide open, give the bars a yank (like you used to do on your BMX as a kid)
3) Find a (private/deserted) road with a slight incline or decline on it and try the steps above as you crest the hill (*warning: the incline/decline will help a LOT so you may not need to goose the throttle very hard to get the front end off the ground...especially if the crest is steep!)
In my experience, the above procedure leads to a very easy-to-control, stable and not-scary power wheelie with the front wheel lofting above the ground a couple feet. When executed this way (on a flat surface without clutch, etc), there is no way it's going to reach the balance point, let alone flip over backward so no need to worry about that (still, cover the brake, just in case though).
This bike is just too much fun.
