If the NC700X is the CR-V of motorcycles, this is the Civic it and the Integra share a platform with. It's a no-frills everyday bike that's cheap to buy and cheap to own. It uses the same 670cc engine, steel diamond frame, faux-tank storage and 17" wheels.
It also loses 4hp, for a grand total of 47hp, becoming a naked. Weight for the DCT model is 500lbs, standard is 474. It's not particularly sexy, fast or innovative (Honda sold the CB750A with nearly identical power/weight and lack of clutch lever back in '77), but this is the kind of bike that thousands of people can ride everyday for not a lot of cash. Pricing has yet to be announced, but expect the S to be the cheapest of the triplets.