the new alum wand is marketed toward the 5000 series, but as I understand it, its still the 13mhz stuff with the same rf connector, right? so 500 = 5000 for wands and tips (??)
Yes the alloy MX-H1-AV and the plastic predecessor MX-RM3E use the same tips and power supplies.
For the new MX-500 with display (not to be confused with the original MX-500), they even sell solder station systems with both options and with the "cheap" and expensive stand.
But there's only a $30 price difference between the two systems. With such a small price difference I don't know why they even bother marketing it with the cheaper MX-RM3E + WS1 option.

MX-500S (with MX-RM3E and WS1 sleeper workstand) $535.00:
https://www.okinternational.com/us-web-store/english/globalnavigation/us-webstore-product-detail?productId=44acb82c-91c4-4ddb-a828-973dd0a249e2MX-500AV (with MX-H1-AV and MX-W1AV adjustable workstand) $565.00
https://www.okinternational.com/us-web-store/english/globalnavigation/us-webstore-product-detail?productId=f848e03d-2614-4a98-a06d-aa6b73f111bbI just bought and repaired two of the original MX-500 (with no display) power supplies and got a new MX-H1-AV alloy wand to use with it and it works fine.
I was originally looking for a used or new MX-RM3E. But I found out even a the used MX-RM3E's at eBay was almost as expensive as a new MX-H1-AV. And the Thermaltronics plastic clone of MX-RM3E was almost as expensive too.
So I got a MX-H1-AV instead, it's more compact and comes with 3 replaceable rubber sleeves with different patterns (as if they were selling different ribbed condoms).
MX-RM3E at Newark $103.68:
http://www.findchips.com/search/MX-RM3EMX-H1-AV at Newark $114.60:
http://www.findchips.com/search/MX-H1-AVEasyBraid [Thermaltronics] SHP-1 $93.06:
http://www.digikey.com/product-search/en/soldering-desoldering-rework-products/soldering-irons-tweezers-handles/1311717?k=EBSHP-1EasyBraid / Thermaltronics SHP-1 is cross compatible with Metcal MX-RM3E and MX-H1-AV too. Can use the same tips and power supplies.
SHP-1 looks like a mix between MX-RM3E and MX-H1-AV. Plastic like MX-RM3E, but with replaceable rubber sleeves like MX-H1-AV.
The broken MX-500's also came with a free WS1 auto sleep workstand:
http://www.okinternational.com/Hand_Soldering_Systems/id-WS1/Solder_Auto_Sleep_Workstand
It says "Compatible with MFR-H1-SC, MFR-H2-ST, MX-RM3E and MX-H1-AV hand-pieces."
It works fine with my new MX-H1-AV, although it sits a bit loose in the hole, but it's not a problem. Don't know if the diameter at the end of MX-H1-AV is smaller than MX-RM3E, I think it is, so maybe MX-RM3E has a more tight fit. But it's not like MX-H1-AV can fall out or anything.
So I'm not going to spend a small fortune on a new stand. Stands for the high end brands like Metcal and JBC are way overpriced for what they are. So no reason to spend money on a new stand if you already have a compatible one.
The auto sleep part in the stand is just two big flat magnets, placed one on each side of the tip inside the stand. I believe they simply lowers the curie temperature of the tips magnetically to lower the tip temperature while the tip sits in the stand. Once removed the temperature rises quickly again. So you should be able to just glue two strong magnets inside any workstand to add auto sleep function. Lowering tip temperature can improve tip life a lot.
It's not the same as the auto sleep function in the power supplies. The auto sleep stand just lowers the temperature, while the auto sleep function in power supplies like MX-500 turn of the power permanently after sitting approx 30 minutes unused. There's a sensor circuit inside MX-500 which detects power changes to the tip. If no change has occurred in 30 minutes it simply turns off the power supply to the tip permanently until restarted. This function can be deactivated by loosening a a screw, if you solder very small loads where the circuit can't detect the power changes and if you don't use a wet sponge to clean the tip but the brass wool.
Please note there's also the ultra fine MX-H2-UF alloy wand. This one use different ultra fine tips than MX-H1-AV and MX-RM3E. For general purpose get MX-H1-AV, this is fine for even 0603 size components for which I've used MX-RM3E a lot in a previous job. Only get the MX-H2-UF if you already have a MX-H1-AV or MX-RM3E and need to do a lot of ultra fine soldering. In most cases you won't even need MX-H2-UF as you can also get very fine tips for MX-H1-AV / MX-RM3E. But MX-H2-UF is smaller if you solder in very tight spaces.

MX-H2-UF vs. MX-H1-AV
www.auelectronics.com/forum/index.php?topic=205.msg508#msg508You will probably get a lot more use out of MX-PTZ Precision Tweezers Hand-piece, this is very nice to have for SMT rework, but pricey. I have only used the predecessor MX-TALON and loved it. It makes removing SMT components extremely easy, bot tiny resistors and large ICs.