Too bad, RCBS just had a rebate deal where you would have ended up with $175 off after spending over $400. I bought one from Natches, and after shipping/dollar conversion/custom fees (About an additional $25), it came out to almost exactly what I would have paid after the rebate from Cabela's here. Minus tax, I think. I'll be about $25 ahead after buying it from Natchez, and the rebate, lol.
Alsol, I think the lite has the same guts as the 1500, just with a lower capacity scale. The accuracy and repeatability will be the same, but it's something like max 300 grains instead of 500. Or 200 instead of 400. Either way, both are well beyond what you'd load into a single rifle cartridge, 'cept for maybe a .50?. That and the lite doesn't have the customization settings (Trickle time/speed, programmable memory , etc). But supposedly it's just as capable, without the bells and whistles of the 1500.