I just traded my 2000 FE501e, and got a left over 2007 FE 550e. Price was not really the determining factor over getting a new(er) FE570. I have looked at the new 70 degree bikes for a long time, great bikes. While there is no doubt that they are better in all (most?) ways, I still went for the older version!?. I just like the lighter look, and mechanical simplicity of the older bike - I guess it was "talking" to me in a way I could not resist - flame decals and all. My riding is mostly on trails in the high-desert areas around Reno/northern Nevada. Can't wait to try the 550!