Just got my new, 2018, V7III Special (black), and have about 600 miles on it now. Fifty years of biking, and this is my first Guzzi. My dad had a couple Eldorados in the early 70's, so not a stranger.
The V7III hits the nail on the head for me in terms of power, character, and so on, but my first couple rides brought out a flaw I suspected I might encounter. It's the same thing that the Triumph Street Twin I was considering has. They seem to slam the seats as low as they can on these "entry level" bikes. I'm only 5'11" and maybe a fraction, but I found the riding position cramped. Legroom, please.
I removed the rubber from the standard footpads (3/4" maybe), and ahhhhhh. So much better. Then I ordered some Knight Designs footpegs with their lowest amount of drop, 1 - 3/8". Boom. Right on the money. Way comfy now. They're aluminum billet CNC'd, with no rubber footpad, but the grip pattern seems to keep my boot in place. The silver anodized finish is reasonably close to the silver-ish shift and brake mechanicals, so they look good. Do they scrape in a curve? I wouldn't know with the way I ride, but it looks like the kickstand will hit first. Fitment was perfect, so, easy install. They don't say they fit the 2018, but they do list the 2017, so..... Easy to adjust the shifter to accommodate the lower pegs, and luckily, I was able to get away without having to adjust the brake, which has no obvious way to adjust. My heel is still on the peg as I press on the brake, so all is well.
I don't seem to miss having rubber on the pegs, vibration wise. It's not like I ride barefoot.
There don't seem to be many pegs advertised for the V7III, so this mod is probably pretty common knowledge, but just offering my 2 cents on a product that seems to be good.
Now, if I could only find a good solution for the seat. The stock seat's okay, and better then many, but could be better. If only Seat Concepts would make a foam and cover replacement. My Yamaha XT250 trail bike has Seat Concepts on it, and is actually more comfy than the Guzzi.