The EXACT same thing happened to me today. Coupla days ago I thought I saw the speedo drop to ZERO but it recovered so quickly that I wasn't sure if it did or not. Today, after about a four hour ride to Lake Erie and around, speedo dies to ZERO. Stays there for a minute or so then recovers. Few minutes, repeat but this time the Fault Indicator light comes on and STAYS on. Having just read a thread about the bike running with a bad injector until you turn it off, I kept moving. Speedo recovers going through a left turn. Runs fine and speed works until I brake for a coming stop light. Bike dies but I release the clutch and it recovers. Got home and the FI threw an 11 which is bad speed sensor.
Now, how will that affect the bike except for it not working the cruise or cancel the signals? Would it hurt the ECM? Will it affect the fuel mixture not knowing how fast it's going? That should be the tach, but what?
I dunno. I just know that it's a b**ch to fix that mother, the things buried behind the right header and the plug is in a God forsaken place to get to..... besides costing $100!
I will be tugging very hard on the wire both ways at the frame hoping that I jostle something back in place. If that does not fix it, I will have to pull all the tupperware and get at the sob.....
Keep ya posted.......