That's a bit like how it was here. As you say there's no point to a cc limit, so it's now a bhp limit. I think it's 33. If you're over 21 you can take the test on a bigger bike and you don't have to wait the 2 years. Course you can have a bigger bike limited to 33bhp.
It's the reason Triumph sells a limiter kit.
Gina
03 America - Pretty stock - except the TBS wheel...

06 America - missing, presumed in bits. With it's TBS wheel...

09 America - It's very blue....