Yeah, the engine is a two stroke, with the intake being at the bottom,
and the exhaust outlet is just visible up the top under the red cover ( you can see the studs for the exhaust manifold just sticking out).
A two stroke works by taking in the air and gas at the bottom of the stroke and letting out the exhaust at the top of the stroke, its a pretty crap way of making torque to be honest with you, but thats how you can tell its a 2 stroke - because the intake is at the bottom.
This one also has a fancy oil and fuel mixing injection system (which explains the two injectors going into it).
looks like its got quite a long stoke.
The exhaust is valved which explains the cam belt running up to the cover at the top.
Doesn't look like its got pushrods at all, only the cam for the exhaust is driven at the top by the cam belt. The intake valves arent normally operated by cams on two stoke engines, normally have reed valves. The reed valve works by letting the gas air mix into the crankcase, but its a one way valve so the gas cant get back out where it came from.
Yes the valve stems may be long, but not as long as was originally thought, the top of the combustion chamber would be somewhere around the crease where the angled part goes into the vertical part in the head.
The silver piping at the top would be for water cooling i'd imagine.
sorry about the life story but its hard to explain things while keeping it short, as for who makes it or if its mass produced i dont know, but i do know that its bloody well made.