I would have guessed somewhere around 110. Cruisers are not fast, even with 1100cc engines.
But I did a search just out of curiosity. It's hard to tell if the asker is talking about some kind of mechanical speed limiter, maybe on the computer chip.
http://wiki.answers.com/Q/Where_is_top_speed_limiter_on_honda_shadow_1100
In any case, cruiser riders don't want to go 150 mph. How often do you have the opportunity anyway? 8^) But 70 mph seems outrageous. I often go faster than that.