... but hanging with the crotch rockets is a loosing proposition.
No, it's not a losing proposition. See above.
Get your bike in decent shape, and work on your skills. Unless you're descending into numptydom and simply "racing" stoplight to stoplight, you CAN and WILL keep up and leave the crotch rocketeers far behind riding your GS650.
On bikes, operator skill makes a much larger difference than it does in cars. On a road course or winding road, Jeff Gordon in a rusty '83 Corolla could never beat your average orthodontist in a new Corvette.
But in the world of bikes, the exact opposite is true. Loris Capirossi riding a 1963 Tohatsu Runpet would easily outpace the average unskilled sportbike rider on a new R1 (again, assuming curves are involved).