I believe the 7K500 comes with NCQ (according to a competitor) aswell but im not 100%. I did arrive at the same model number that you did, while doing my research. The model number for the 7k500 is HDS725050KLAT80 using this decoder confirms the difference in platter.
Model code deciphering guide:
H = Hitachi
D = Deskstar, C = Cinemastar, T = Travelstar, E = Endurastar, M = Microdrive, U = Ultrastar
S = Standard, T = Two/three platter, C = compact(?) (in combination with T this means 1.8 inch form factor), E = enterprise(?) in combination with T means desktop variant of Travelstar (for example E7K100)
72 = 7200rpm, 54 = 5400rpm, and so on
10 = 1000GB (maximum capacity of series)
75 = 750GB, 10 = 1000GB (capacity of the variant in question)
K = Kurofune (factory nickname for architecture capable of mounting up to 5 platters), V = Vancouver (up to 3 platters), P = Pathfinder (only 1 platter such as 7K80 and 7K160)
L = Low-profile (all 3.5 inchers)
AT = PATA, A3 = SATA 3Gbit/s, SA = SATA 1.5Gbit/s
6 = 16MB, 3 = 32MB, 8 = 8MB, 2 = 2MB
The T7k500 does seem like the more recent drive and with better features (eg option for 16mb cache), but according to this table
http://www.hitachigst.com/hdd/support/table3.htm
the 7k500 has an asterix by it, denoting it as the latests drive, when it was released earlier. Confusing.
Thank you for your help.