i just started the bike to have it turn over for a few minutes (haven't ridden in a week or so). it was on it's side stand.
i stopped hearing the bike running
went to garage and saw hot oil pouring out and hitting the engine and smoking and dripping on the floor - there was a lot of smoke
here's a pic of the aftermath - see the sight glass is melted (it feels like plastic actually).

will take it to the garage tomorrow.
It's a 2003 with 14k on it.
Any ideas why this happened? possible failure of another component making the oil too hot?
I hope the engine isn't damaged.