The New Honda CBR500 is more of a sports tourer than an outright sports bike (like the CBR600RR). Although both bikes look very similar, the CBR600R is set to get a comprehensive facelift next month, which will differentiate them. The CBR500 will also help Honda fill the huge void between the CBR250R and the CBR600RR. When you look at the bikes, you can clearly make out they are build to a price.