I set mine at 42 psi front and rear and they rise to around 47, 48 once warmed up.
After reading this post, I am thinking of running 42 front, but upping the rear to 44 psi cold to compensate for my delicate frame.
I was told by one of the Honda reps at a Ulysses demo ride, that their recommended pressure was a compromise between wear and safety and provided the best footprint during hard breaking, so erring onto the safety side. I guess if you are not going to ever have to brake hard, you could up the pressure with a biase to better wear.