While I do like the Rebel 500 and am very happy with my purchase here in Seattle, WA I do find some things quite annoying.
First of all, no tachometer. If you are used to riding without one like I am, it won't be a big deal. But if you do like one, and I do like one, it's kind of a bummer.
Which leads me to my second point, uh - no showing what gear you are in? Even my old Sonic I bought in Thailand showed what gear I am in!
Not all features on the engine are blacked out, a couple of things still have chrome on them, even the exhaust has a chrome tip when the rest is blacked out? Gonna need to fix that.
Can feel every single bump on the road. I only weigh 145lbs, but you know what? Maybe that's also a good thing.
Also, side pieces that are underneath the seat that are triangular and plastic are a little tacky and I feel can come off very easily. If they don't break first. Should have been done with metal / carbon fiber.
And only a 1 year warranty?!
Overall though, I do love the bike! What an awesome amount of power for the price, and so relaxing to drive. Shifts like butter. Probably one of the easiest bikes I have ever ridden. Seeing as my bike is brand new, the brakes and tires are a little slippery - slipped a little on a speed turtle. However, boy when you get cranking on the gas you are in for an awesome experience!
I am very happy with my purchase, not the most thorough review but will do for now until more people post what they like / dislike.
I also ordered a rear seat - about $140 bucks. Will modify it later into a cafe racer style seat when I find one.
Full coverage insurance was $170 a year.