It really depends on what you are trying to accomplish. I love the idea of factory-supplied v-scanner folders for such a wide range of locations. Because of that alone, I had mine running pretty well in under 5 minutes. That has the side effect of making the user relax, knowing that a psr-500 really will work in their area, which then makes it easier to have the patience to read the manual for the details of setting things up to match the finer points of their individual preferences.
At the time I got mine, WIN500 and psredit were not yet available. Those certainly help, and with almost daily improvements in both, I can only see that getting better over time. No doubt Butel wil lhave their equivalent out before long, too. A little friendly competition to keep the innovation coming and license fees sane can't be a bad thing.
I also really like how fast the psr-500 can be reprogrammed with these programs compared to older scanners I have used. With a BC796D, it took several minutes of data transfer to reprogram everything with Butel software. With psredit or WIN500, it's only a few seconds and a few keystrokes to reprogram myy psr-500, thanks in large part to the Radio Reference web download features and all the folks who contribute to keeping that database current. This came in really handy when I returned from some Thanksgiving travel, and realized there was a big police event going on right across the street from me, but that my psr-500 was still programmed for the area I had just returned from. Even though I had not updated the v-scanner folders yet, I was able to quickly restore the original programming and not miss too much of the radio action.
The real beauty of a psr-500 to me is the flexibility it offers. Those who just want to listen and don't care about technology can quickly get their basic needs met, even on today's rather complicated radio systems. Those who want to tweak every last option have that ability, too.
Kudos to GRE for making the firmware update process easy. Some of the early PSR-500 users were quite frustrated by problems listening to specific radio systems. Many of those problems have already been fixed in the first few weeks of sale. Problems of this type are probably unavoidable, given all the variations in radio technology, but it's great to see that fixes can be so rapidly deployed, and that GRE can so effectively use volunteers from the user community for rapid, large-scale beta testing. That's probably the best we can hope for in the real world.