Well, it was overfilled. I pulled the bottom plug and about 4 cups of fluid ran out. So I pulled the cover to get it all out and put in fresh fluid, just to the bottom hole. The dealer must have added some fluid, because I didn't put that much in it and that was the first time it came bubbling out of the hole.
I had it at the dealer last week to have an ignition problem fixed. Well, they took care of the oil for me, too. They told me the oil was so low that the dipstick was dry, which I thought was strange because there was oil in it last time I checked. But anyway they said they did an oil change for me. After having it back home for a few days I took it for a ride and afterwards there was oil all over the rear fender under the seat, and everything else, on the centerstand, the rear wheel, running down the swingarm and dripping off the end. I checked the level and it was way over the top. I drained at least two cups to get it down to the top mark on the dipstick. So that's what happens when the oil is overfilled?