Hi Miss Mikki,
I'd say it's a good camera, especially if you can get such a good deal on it. Most cameras are "good cameras" actually. It all depends on what kind of photography you're interested in and how "into" photography you are or want to be.
The SX500 is a super-zoom and it gives you a very large range from wide angle to zooming in on far away subjects (perfect for Animal Kingdom Safaris!)
You'll find that the camera will take very good photos in daylight conditions. However, it does have a rather small sensor. Looking at the chart I posted above, it is just a hair larger than the smallest one on that chart. This means that it's performance in low light conditions won't be one of it's strong points. The flash will help of course, but keep in mind that a flash has a limited useful range. It won't help you take photos in darker conditions where the subject is not near the camera.
That camera does not have the ability to capture RAW photos so, if you are at all interested in RAW, this is not the camera to get.
I'd say it's a good camera if you want the zoom capabilities. The zoom is the camera's biggest feature I'd say. It has the equivalent of a 24mm - 720mm on a full frame camera. That is a HUGE range and all in one lens. To give you an idea of how significant this is, take a look at this photo.
This is a 600mm lens for larger cameras (the larger the sensor, the larger the lenses need to be). The SX500 goes even further than this one (720mm)!

The reason the SX500 can have such a huge zoom range yet remain small is due to the sensor being small too. The lens has to guide light onto a smaller area (the "image circle") than a larger sensor camera. This is why the lenses for large sensor cameras are so big.
So, if you're looking for a decent point and shoot camera with the ability to zoom in on far away subjects, I'd say it's a good camera indeed. A super-zoom is a very convenient camera to own.