Help with Kawi 750

OK I'm baffled. I was riding my 750 x2 today and it just quit. I took it home and nothing makes sense. I have 180 psi in both cylinders good bright blue spark and fresh fuel and it won't hit a lick. I even tried some ether and it wont hit a lick. Pulled the flywheel and checked the key and it's good. Changed the spark plugs. Still won't hit. I have the kill switch dosconnected so i know thatts not it. WTF I have fuel, spark and compression and it won't fire. It was running like a top last week. Any ideas?
 
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Nope the exhaust is wide open. Right now I have it on the bench with just the pipe on it. No water box. Still won't hit a lick. I've been told that it may be the stator. I have another stator but it ohm's out the same as the one on there so I don't know if it's any good either. I've heard that the stator can still be producing voltage but the timing curve can be way off. Can anyone verify this? I tried another cdi box and still get bright blue spark but the engine will not fire.
 
Wedoseadoo hit it square on the head. Swapped out the stator and she fired right up. I would never have believed that a bad stator could produce a bright blue spark but that the timing would be off. Thanks again dude............
 
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