Update: I decided to go flat black and khaki, keeping the with classic tail of the KLR and the more tech nature of the front fairing.
I also like the factory paint on the new KLRs, not so much the digi camo, but the blacked-out bikes with simplified graphics, not to mention the few older camo-rattle-canned KLRs I've seen on the interweb.
I played around a bit on Photoshop to see what a khaki scheme might look like on the KLR's lines.
I decided to make some changes, going simplest form first. I didn't want to change the tank color so I reversed the black and gray motif, going black on the headlight cowl fairings, and gray over the silver radiator fairings.
All factory graphics were removed using a heat gun and Goof-Off to clean up residual glue. The cladding was then removed, cleaned and degreased, buffed with steel wool, washed and tacked and suspended on a line. Three colors were shot; flat khaki on the tail-light shroud and side panels under the seat, gray on the radiator covers, and flat black on the headlight shroud fairings.