My son in law just got a k1200 GT 2003 that releases the clutch in the 1/4 of travel or earlier and feels a little "spongy"? . (you press the lever all the way and as soon you let go it engages) The shifts are extremely smooth (just feel a click when you shift ) including first (of course when you preload and do the right thing. )
My 2004 GT releases 1/2 or later and feels you need to do more pressure on clutch lever to press is it back.
His bike has 70k miles but had the clutch replaced at 55 so I guess that should be ok.
He bleed the clutch fluid today as per manual, but I did not ride it before this so dont know if some air could have been sucked? he did use a speed bleeder