Pro Honda Spray Cleaner and Polish is just as good if not better in some ways:
http://www.motosport.com/dirtbike/product/PRO-HONDA-SPRAY-CLEANER-AND-POLISH/?id=110516#reviews
SC1 FTMFW! That stuff is definitely a new bike in a can!
I'll have to pull up some pics this wkend, but here's what I've done to multiple plastics.
Since your in Bama, and I'm in Georgia depending on where your at I might be able to help you out.
1000 grit superfine sand paper in a forward motion, felt bobs w/ liquid abrasive for the edges
Followed by 1500 grit with the same method
Then I pull out the Makita 9227c rotary polisher and use an 8" optimum wool pad and optimum Hyper compound and buff at 1400 RPMS
Next I use The same compound on a special foam pad same diameter, and 1500rpms
Then I go to 6in CCS orange pad w/ optimum polish and run it at 1850 rpms
Then I pull out the PC7424 w/ a 6 in green w/ megiuars fine cut cleaner and run it till it's done.
Then I use optimum polish again with the porter cable, and another pad the yellow.
Then it's sealing time, and I prefer about 10 coats of a polymer type wax.
I detail as another hobby of mine, it's an obsession, haha.
Anyways, that Krylon stuff looks like a cheap effective solution to faded plastics.
What part of Alabama you from?