I see new unlocked Galaxy Note 2 on ebay , 16 gigs, 2 gigs ram, for $650.
By mid summer when (maybe) the SGP5.8 get's to USA, that will probably be down to $550 and seems to be a much better bet for the same money. And, if you really want to, take it to ATT or TMob and hook it up with no -contract for phone and data. $500 for no possibility of getting data and worse specs than the Galaxy Note 2 does not seem great. For the same price as the previous Player series (@ $250) it would be a great deal. At twice the price, for me? Not. Plus, if major updates or new revision of android is issued by ATT, you can go sign up for a month-to-month...get the OTA update...and split.