There's a couple of different versions, one with a chrome plated front, one just mm, another with the mm/MC switch. I don't think there's anything much performance-wise between them, & likewise I don't think there's been any official upgrades, Mk2 versions etc. however, being a valve unit, there's always the opportunity to tweak them & there's quite a few unofficial mods out there. £500-600 seems about right, I think. And for that money, it's a great sounding unit. EAR also have a good rep for excellent & cheap servicing of their stuff.
Matt.