MrRiden is right. I just checked my owners manual. On page 76:
Pulse Air System
This system supplies additional
oxygen to the exhaust gas and
thus improves the emission va-
lues without weakening engine
performance.
When releasing throttle, this sy-
stem is cut off, controlled by
vacuum pipes connected to the
carburetors. This device is also
maintenance free.
With that said, the exhaust valves/seats were already a problem on these bikes, but the issue isn't full-blown melting, it's recession caused by premature wear, such as on burned valves. If the fresh air does add heat to the exhaust, it could be helping the common problem along... or not. And hey, maybe header wrap is just as bad. I prefer safe over sorry on this one.
What does bug me about the system is that it kept my right hand carb bowl from coming off the carb. Also, if a check valve or the diaphragm ever goes, the valves are not serviceable.