I appreciate all of the technical analysis in these comments, but as a non-mechanical oriented rider I see it from another viewpoint. I'm sure I'm not alone in not liking the high pitched screaming of a motorcycle engine at high RPM, preferring the more sedate sound AND FEEL of the bike when the engine is able to meet my needs without needing the high revs. It may not make much sense but the feel and sound of a bike at high revs always seemed to tire me out, as the rider, much quicker than a larger engine that made the same speed at a lower RPM. When I was riding a Triumph America with its 865cc parallel twin engine I often felt it was underpowered, and would have to push it to close to redline all the time to get the bike to move as quickly as I wanted it to. On my current main ride, my Goldwing, I can usually accelerate from a stop quickly enough to satisfy me without ever going much over 3,000 RPM. When I want to accelerate more quickly I might push the bike to 4,500 or even 5,000 RPM which still FEELS manageable and tolerable. So for me, the big engine on the Goldwing, at 1832cc works just the way I want it to work. Once I get to really high speeds, such as 90 mph or higher, the wind noise is enough to make me not notice the higher RPM of the engine and therefore does not bother me at all. I'm sure that there are riders that feel the exact opposite of how I feel, and love the sound of their smaller and lighter engined bike when they push the RPM to 10,000 or even higher to get the power that they want.
Just recently I watched the Jay Leno video where he is taking a demo ride on the new Triumph Rocket with its 2,500cc engine. He talks about his sense that American riders generally do not make use of the higher revs that most bikes are fully capable of safely achieving, and why the Rocket may be so satisfying to many because it can accelerate really quickly without having to race the engine at all. I never thought I would see the day that a motorcycle had a 2.5 liter engine, but clearly it is just what some riders want.