There is no clutch lever on the AE model. You still have to shift it, but the clutching is done automatically.
Yup. No clutch lever, you push the button to shift up and down (or use the foot lever). just don't need to pull a clutch first.
Big thing is, you lose the "friction zone" for slowspeed maneuvers. You have to stomp on the back brake, rev it up, and use the back brake to control slow speeds.
http://www.yamaha-motor.com/sport/yccs.aspxAlexi