@Maddog - The fuel tap was left open, I tested it today as recommended by ducati_paul, it works fine.
@Strika - I'm using carb cleaner around rubber parts

and I think you're right about that gravity feed...my bike turned into Lake ZXR the other night.
Here's the update atm, I think we're making some progress, and possibly have the problem identified.
So after emptying my bike as per Tacks instructions above ^, I completely disassembled/reassembled the carbs.
I took care to not adjust anything I shouldn't.
WHAT I FOUND (I took pictures, can't figure out to get them off my phone, I'll try do it later though)
- the needle ends were black and gummy
- the jets were clogged
- the bowls were full of build up and crud.
- the little metal plugs - (fuel?) attached near the pivot of the floats on a metal tab - were jammed in their holes.
I rectified all of this (I thought) with some a can of carb cleaner, wire brushes, etc, and a fair part of my sanity over several hours.
Anyway, I reconnected everything, fitted new spark plugs and oils (tested the coils also, all OK) and tried to start.
One (and only one) cylinder flooded a bit, the other three fired for the most part. Currently the engine is again without plugs and carbs; emtpied and in the naughty corner of the garage.
My question now is: Is the float sticking problem something I can fix? Thanks again guys for all the help.
Its the first time I've taken on something like this :S (I was into cars before)
and you've all been extremely helpful.

Just another guy wishing he'd been a mechanic instead of pushing pencils.