Does it connect via the diagnostic socket? If so it is behind the left hand fairing as you sit on the bike, and the cable will route easily behind the dash.
Yes, it's dead easy - as long as you've got the right one. I had one with (almost) the same part number and it had a different shaped plug. Also - make sure you've got a rear paddock stand. Far easier to calibrate on that than trying to do it on the road.
