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Didn't the car industry try these in the 30s, then abandon them because they'd act like a sail in cross-winds and cause horrible instability?
The second thought I had was, when looking at the photo, the fairing goes below the rim line, which means in a tire failure situation, that fairing is toast.
I'm not trying to rain on anyone's parade, or give 'lessons from history' - just putting this here for completeness of the thread.
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