The best replacement for slingbox 500 is 350.

The best alternatives to slingbox 500 are rated as following:
★★★★★  350
★★★★  pro hd
★★★  belkin @tv
★★★  belkin @tv plus
★★  vulkano
★  slingbox 350
★  vulkano blast
★  slingbox pro hd
  slingbox pro
  slingbox 300

Your alternative for slingbox 500 is not listed? Suggest!
Speaking about slingbox 500, one probably shouldn't forget about slingcatcher.

Other search terms related to slingbox 500 and their ratings are:
★★★★★ slingcatcher
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slingbox 500
350
pro hd