Here's a link of an install and re-jet:
http://suzukisavage.com/cgi-bin/YaBB.pl?board=RubberSideDown;action=display;n...They just removed the hose connecting the stock airbox and carb and put the filter in place.
I believe the stock airbox needs to stay there if you want to keep the sidepanels installed. There's a member floating around the boards with pictures of his removed and it looks pretty sweet... I just don't know if I want to rip my 07 bike apart or not! :-P
I may remove the stock filter from its place and leave the rest of the box in there... I'm not sure yet, but open to suggestions from others if they have any.