Exactly.
There is no change in the Gen 2 models (1994-2009). Just pick the colour you want and the price you want to pay.
As for the bags, I have the Cortech sport tri-bag system (saddlebags with matching tail bag). Plenty of room and all three pieces are expandable.
The bike is cheap to ensure and run. Maintenance is fairly easy. For example it takes 10-15mins tops to pull the carbs from the bike.
You can easily get ~300km on the tank before hitting reserve. The bike is happy on the highway at cruising 5500rpm or you can keep it up at 7000-9k where it comes alive in the twisties. It's up to you.
The 500R might not be a looker, handle like an SS or a technical marvel but it is a nice all around intensive sport tourer.
My 2 cents anyway.