I've been thinking of the very same thing. This will help you determine if its possible:
-Remove the lower subframe bolts and loosen the top ones.
-now you can pivot the subframe up and down. You can check the seat, airbox, shock clearance and pipe for clearance and binding issues.
I did this when I first got the bike and it looked like an inch at the rear of the seat would be doable. This won't make it feel much lower, because most of the loss is at the rear of the seat since the pivot is up front. However, it would make swinging a leg up and over the bike infinitely easier. Especially from the downhill side of the bike.
If you pursue this, there are a couple of options. Obviously you can cut, shorten, and re-weld the lower arms of the subframe. But I thought about just ovaling the bolt holes in the subframe.
The one problem I saw was fitment issues with the silencer to the new subframe location. If about 5/8" is cut off the end of the pipe and silencer, they can be connected by about a 3.5" section of heavy duty heater hose without being sleeved together. This would give some leeway to line things up. I just happen to be running this setup to cut down on vibration.
Like I said, I didn't end up doing any modding, but I'm thinking about revisiting this.