Does'nt sound as good as Cobra's but if you want loud you got it ....Cost is $0 but you will trash out the exhaust if you don't like it. Do a search I think BF in Florida posted a video after the cut was made.
http://luiscajiga.com/Exhaustm2.htmDitto what Joe said.
There are things you can do to your stock exhaust that won't cost you anything but time. The first thing is to cut the piggies off and see how you like that. It won't really be any louder, but it will have a deeper tone.
If you want to go further, you can drill out the rear baffles.
Here's an old video of my bike with the piggies cut and the baffles drilled....
If after cutting the pigs and drilling the rear baffles you still want more, there's a procedure called the Ragnar Cut. Basically, it's gutting the rear baffle section.
Here's my bike after the Ragnar Cut....
Link to cutting the piggies and drilling the baffles...
http://luiscajiga.com/Exhaustm.htmLink to the Ragnar Cut.....
http://luiscajiga.com/Exhaustm.htmHowever, and to be fair, you should be warned.
I can't emphasize this strongly enough, beginning with cutting the piggies, your pipes will drone. I stongly suggest you search the threads for drone. It doesn't seem to effect some people, but it does effect most.
Mother Honda put those piggies on there for a reason.....to get the exhaust note out to the back of the exhaust pipe. Without the piggies, the exhaust exists the exhaust can and resonates in the pipe/exhaust tips untill it exists out the back of the tips. That resonance can and will play hell with your hearing. If you have tinnitus to any degree like I do, the drone can be simply unbearable.
I loved how the Valk sounded with the Ragnar Cut....seriously mean sounding (deeper sounding than Cobras IMHO), but the drone drove me nuts. I learned my leason.....the hard way. However, if you do decide to modify your stock pipes and you find the drone is more than you can handle, there is a cure. I suggest you read this thread BEFORE you start to modify your stock pipes........
http://www.valkyrieforum.com/bbs/index.php/topic,40398.0.htmlThis is my bike today with the drone cure (the sound now is very comparable to the sound of the pigges cut and the rear baffles drilled....but NO drone).....

However, as others have said, if you want your bike to sound like it has a set of Cobra's on it, then just install a set of Crobra's on it and be done. You'll still have a set of unmolested stock pipes that you can save or $ell.