They look real.
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I took those picture directly from the instagram post.I'm as on the edge of my seat as everyone else. I think they're real, but only time will tell. The images from the original Instagram post looked a lot more convincing (less photoshopped) than the ones posted in this thread so I was less skeptical than most from the jump, but I can definitely see why there's doubt.
But the new 121 is said to have variable valve timing. The 135 engine does not have that.The 121 comes from the new 4 5/8" stroke flywheels, combined with the 4.075 standard CVO bore size. That way they can use the 135 engine in a KOTB series legally, because the parts come from a production motorcycle.
Rules were made to be interpreted, changes made to take advantage of those interpretations.