Nooo! It may be old but its still a world class headphone. It's actually a fast headphone when it is amped sufficiently. Give them a good powerful tube amp and they can be surprisingly sharp and detailed. The orthos are better but for the price comparison they should be.
the hd 650s deserve more credit around here. sure the he-500 might be better now, but the hd 650 isn't too far behind, it scales very well, and pairs excellently with amps such as the WA6-SE. when i had my hd 650s with that combo, they where on a completely different level. the veil was gone and the soundstage improved. dynamics where greatly increases and the headphones sounded faster and more detailed. its a huge difference.