No
It's NOT a recall.
It's a technical service BULLETIN, which means bikes that exhibit SYMPTOMS of a noisy/failing tensioner will get theirs replaced.
If a dealer tells you otherwise, they don't understand the difference, or are willing to absorb the cost of the repair when Yamaha refuses to pay for a new tensioner, that replaces a tensioner that doesn't make any noise. Or they plan on charging you, at which point it becomes a fight for who pays the bill.
Skip
Point is it doesn't seem like they're going to send out notices, but they are paying for the repair on bikes out of warranty.
That said, rationally, how exactly do you think Yamaha is going to verify that the repair is only done when needed? Tell shops they need to make an audio recording of every bike on which the service is performed? They don't say that the tensioner has to be damage as pictured, they just say a persistent rattling has to be heard and I doubt they're going to require proof of that.
In any case, my bike very much has the problem, and I don't know what they're telling anyone else, but they said they have noticed the rattle in other FZs and FJs in the past. I suspect they may proactively offer the repair for owners who bring their bike in for inspection or some other service if they exhibit the problem.