Rick, Terence has the right idea on the WD-40. A liberal application of that stuff displaces any moisture and washes off any abrasive material. Before it dries, wipe the chain down with a rag. It helps to get more of the crud off.
I also use the PJ-1 on my off-road bike, but I've found something I like better for a street bike.
The name is ProHonda HP. It dries quickly and is clear. Active ingredients are teflon and moly d. Not sticky or greasy. Repels water and dirt. No mess on polished wheels, swingarms, etc.
My wrench and the shop owner used to give me flak about having a dry looking chain.When my OEM chain had 28000 miles with no measurable wear on a bike making over 125rwhp, they decided to switch. I recently heard the shop owner tell a customer that the stuff is the best he's ever seen.
My Busa has over 12000 miles on the OEM chain, and the chain shows no wear.It might be different if I did a lot of burnouts and wheelies, but aside from that I do ride fairly hard. I'm on my 6th rear tire.