Should you choose the 520, you lose fret markers and a single coil. You gain an exxxtreme look. There's no difference between them other than that.

So decide which one's more important to you.
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I like both, but my advice to you is to pick whichever one you feel would do the best for you. I'm leaning towards that S470 though, I like the way it looks, and the reviews are pretty good for a lower-priced axe.
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did anyone see the new cheerios that have been put out? the're fruity flavored. so basicly its a ripoff of fruitloops.

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No they're gay cheerios
i would go with the S470
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it's times like this I wish I had a sharp pointy stick, or an army of flying meerkats

^ Im his favorite 2006er.

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i like buttsecks...
A good friend owns the S520EX and it's the gratest guitar I ever played on (ok gratest is the ESP KH-2 but then the S520EX )