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DJM 500 doesn't have a booth output, right? I think that is one of the bigger differences. If you aren't familiar, a booth output gives you an additional line out so you can have a monitor speaker facing you, without disrupting the main outputs. You will need sound directed toward you to effectively beatmatch and mix 
Anyway, I think that is the biggest drawback, but since I don't own either, I can't be totally sure.
Seriously, save some cash and get a blemished Rane mixer. You won't be disappointed (you can spend a little extra and get an extended warranty too). For $900 bucks you can get a crazy good mixer and a Kaoss Pad ... that's $200 less than you would spend on a brand new DJM 600. And if you don't like it, MusiciansFriend will allow you to get a full refund! They have a 45 day customer satisfaction period. A can't lose deal, if you ask me 
If you are stuck on the Pioneers, then I would recommend the 600. If the booth output is truly a difference, then I say spend the extra money and get the 600.
Loki
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I'd take the Fifth ... but I drank it
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