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New Texan
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Answering your questions in no particular order....

* The 501 is fairly stable, although there are some minor bugs. (Some people have had more problems with the 501 than others)
* The only difference between the 501 and the 508 is the size of the hard drive. Firmware is otherwise the same.
* No idea if the offer will be extended from April 30th.
 
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