The "New" 500/416 NE makes a lot of sense.....
Question is why?
The OP when asking about 450/400 NE, 450 NE and .470 NE back in 2011 was asking for an ELEPHANT rifle primarily.
Following is the factory round ballistic data from Hornady for these rounds.
450-400 NE 400 grain @2,50 fps for @3,232 ft/lbs
500-416 NE 400 grain @2,300 fps for @4,698 ft/lbs
.450 NE 480 grain @2,150 for 4,927 ft/lbs
.470 NE 500 grain @2,150 fps for 5,132 ft/lbs
I'd throw out the 450-400 out as a primarily elephant rifle compared to others. The 450 and .470 are have almost the same ballistics.
Comparing the .470 and .500-416, the .470 has 434 ft/lbs more energy with a 25% heavier bullet and has 24% more surface area (matters with solids) than the .500-416. Though I think the Norma .500-416 410 grain round matches the .470 in muzzle energy.
Add to that the .470 is supported by just about every factory manufacturer (Hornady, Norma, Barnes) whereas only Hornady and Norma loads for the .500-416.
.450 is close enough to .470 but only Hornady supports it.
So, do you like it just because it is new and rare?
One good thing though about the .500-416 is because it is not popular it is very easy to get a deal on S2 or K gun in that caliber. It might be an issue though if one ever tries to sell the gun down the line.