I went to a test-ride event yesterday, and it seemed there were very few younger people trying out the bikes. Most were in their 40s to 60s, and I think my wife was one of very few women riding.
While the classic styling is good, and it's difficult from a distance to tell the difference from a mid-90s model and a 2009 model, I really think the styling needs to be updated if Harley wishes to attract the younger market. It's an evolutionary thing that every vehicle manufacturer (auto, motorcycle, boats, etc) needs to go through. This could explain why the StreetGlide has become so popular; it's been made sleeker by deleting a lot of the chrome protection bars, and has been given a lower, more aggressive, posture as opposed to the "geezer-glides".
About the only model that is really competitive with the sport market, IMO, is the V-Rod. The riding position is very different however, which may be a turn-off for the younger market. The Sportys being marketed to the youth market still look like the mid-50's design with some add-ons. Perhaps the MOCO could rebound quicker with a redesign of the basic lines of the cruiser bike; give a model sleeker lines, a little less chrome, bright paint schemes, and more affordably priced for the younger market.
Think about it, part of GM's and Chrysler's problems today is they didn't update their styling quickly enough to compete with foreign makers, and stuck by the large vehicles when consumers were looking for smaller and less expensive.
I'm not saying the MOCO should do away with tourers; that's their best line by some peoples' opinions. What I'm saying is the models considered more as entry and mid-level models might benefit the company's health through updated styling.