i don't think i've ever owned a bike with a speedo. i get alot of crap for it too. most caops don't know the law. technically, for dmv purposes, you're supposed to have an odometer. hell, in va, the don't require a headlight on the bike during daylight hours, and a tail or brake light isn't required. i wouldn't recommend the tail/brake light thing though. it's rediculous how many people don't know any hand signals. i can't count how many times i've gone to make a right turn, and had people wave at me.

va has the stupidest vehicle laws for cars, but they're pretty slack on required equipment on bikes.