Dead ass just ordered one yesterday got it today and its decent mine worked out the box with my ps5 sf6 and my modded switch...full arcade experience for the cheap...I got the 500 v2 w/ magic boots.
I was thinking about getting the 500 but it was something about the 500 Elite that really stood out for me. The ball knob on the joystick is the only downside. I had to put a bat shaped knob on it.