So how is that Moto Guzzi are using a traditional exhaust or is that only a mock up on a pre-production bike. I regret immensely that I have never owned a Guzzi.
I don't know but its appears to be injected & I would guess from the styling they wont be looking for outright power, a fair bit can be done with mapping to quieten things down at certain revs (where its tested) so that may account for some of it
There may be a cat in there somewhere which will clean up the emissions & also act as another silencer, apart from that all I can think of is its a mock up & there will be another box under the bike somewhere like a lot of current sports bikes or maybe they are showing you what you can have when you buy their horrendously expensive sports system
I reckon it a wait & see job