The 500 means 500 CDs; they're probably trying to impress the majority of music listeners who might not know what a "gigabyte" or whatever is. They assumed a low 10 songs per CD, meaning 5000 songs. If each song is about 4 MB, that'll be 20,000 MB, or about 20 GB (I think that's what it says, I don't read Japanese or anything though).
Makes sense though, G20SS.
If you also look in the background of the 13 and 500 pages, you'll see a slim preview of the player. The screen seems a little small, but eh.
The next date is 8/12 for the number: 10. 10 hour battery life? Perhaps. Who knows.
So far though it doesn't seem to be that impressive except in slimness.
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