Would rather have the Triumph over the BMW RT if for no other reason than servciving costs, my GS cost a fortune to service with BMW's rates (50% - 100% higher than Jap / Triumph dealers) and the bikes need a service every 6k AND every 12 months so if you do 8-10k a year you end up having two services. The Triumph is every 12k, so could be one service to BMW's two - the 6k and 12k services at my BMW dealer were £240 and 400 respectively
Plus the BMW has a lot of issues with the Final drives.
I can't believe the cost of most Yamaha's, I think they are very well made these days and possibly best of Jap stuff now, but in the UK they are crazy high, in the US the Tenere is much cheaper than the GS, in the UK it is more (although by the time you add ABS / TC etc they're is not much in it) I only bought mine because I saved 20% on an ex-demo with 150 miles.
With most costs on motorcycles being related to high development costs for bikes that often have a 2-4 year life span between major revisions and relatively low production numbers the FJR should be VERY cheap, I remember the start - the FJ1100 around 1984, which then became the 1200 and then the 1300 gaining an R in the name somewhere.
A 28 year production run ain't bad, OK a few major revisions, but still using a lot of technology (and often parts I would guess) from the previous one.
I don't understand Yamaha's strategy, I am sure they could chop a fair bit of the Tenere (especially as these bikes tend to have a longer shelf life - just look at the GS and Varedero's, not like the R1 where it needs major updates every two years) and should easily be able to knock thousands of the FJ's.
If they think having build quality that is marginally better than a Suzuki or Kawasaki is going to presuade punters to pay 20% more they are seriously deluded, price has (unfortunately) become the premium factor in the modern age, and if they think they can charge BMW rates they're insane - Rightly or wrongly the BMW badge commands a premium price - even Triumph understand they cannot expect to say our bikes better than the BMW therefore we demand a higher price.
On a low budget it would be a Versys 1000 for me, as it is I could have bought an Explorer and possibly stretched to a Multistrada, but still got the Yamaha as it will do everything well and should last me years without costing a fortune to maintain.
The 1600 BMW is just too big for me, plus servicing costs and the fear of the Gizmo's failing post warranty would scare the hell out of me, specially with BMW prices (Like GS ABS Controllers that are fairly common failures - and cost £2k to replace). I loved my GS but the only way I would buy another BMW is if I could afford to exchange it every two years when the warranty runs out / things start to fail.