Yes, all Series2 units have the same software features.
The 5xx units were a HW respin to reduce manufacturing costs to allow prices to be dropped. One of the changes was a change from a standalone USB controller to an integrated USB controller that uses the CPU for some of the processing. The CPU in the 5xx is busier, and ends up being the bottleneck in network transfers. They also seem to be slower in general, I have both and the response time on my 5xx is slower than my 2xx. I don't think it is terribly slow or anything, but if you use a 2xx you notice the lag on the 5xx.
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