Hey man - My girlfriend and I are travelling two up on a v-strom and just arrived in Mexico yesterday after spending 8 weeks riding up from panama (before that we spent 11 months in south america). We were a bit nervous about what to expect in central. I'd say the media generally hypes things up. We didnt have any problems but always talked to the locals before heading off. Honduras felt to us the most sketchy and we were glad we pretty much bypassed it (only did 150km in honduras as we rode up the west side from nicaragua and into el salvador in a day). There were parts of guatemala where the locals strongly advised us not to ride (and even the local moto tour company) - in particular some of the roads around Lago Atitlan which are known to have regular armed hold ups (but even the guide books tell you this). Its fine to visit the lake, just ride to panajachel and take boat trips from there (dont ride the road around the lake).
Enjoy!! And really the biggest worry will be some of the local drivers!
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