standard honda oil cooler/water pump,the cable on the laeft is the water temp plug for the ecu,and wire on right is crank sensor (or at least looks like to me,having stripped the blades engine all the bits look very similar).
also cant quite tell but looks like next to the selector drum a chunk of the engine block is missing,looks to rough to be machined or cast like that?
what else,provision for a side stand,i'm guessing it's not a motogp bike then

although they haven't made a v5 road bike have they so who knows what it was/is?
*ok,killing a bit of time and does look very similar to to what he says so could well be a prototype
http://www.motorcyclistonline.com/features/honda_rc211v_gp/photo_08.html