I got a little bit done this weekend. I removed the bearings from both hubs.
Here is the front hub.
Here is a partial shot of the rear hub, note the the nest.
Bearings came out of both hubs without a problem. The front hub looked like new inside.
The front and rear bearing spacers looked like new. I think these are the original spacers and bearings from the factory.
Then I pulled the bearings out of the swingarm. I used a Motion Pro Suspension Service Tool and once I broke the bearing loose, I used an Impact Wrench on the low power setting to spin the tool. It was fast work, 5 minutes each side and the bearings were out.
The bearings were not worn, but they were rusted very badly.
The interior of the swingarm looked fine, it just needs some cleanup.