Fabian, I agree with David. I was seriously considering a 500 back last summer but ended up not getting a gift certificate to the store that had the Sony in stock (Micro Center) so I held off. Then, after Christmas bought the 505 and, as David says, the new features are nice. But the screen doesn't seem that much better. Certainly it requires the same ambient light to read.
If you're unsure, try taking your 500 into a store that has the 505 on display (Borders, Sony Style etc) and compare them side-by-side. Probably ought to tell the management what you're going to do ahead of time.
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