I'd guess more like 5000 hours, not 500, or more. It is a big battery and small LED. I routinely set my camera up the night before, and check for the green light in the morning before I go diving. I'd choose which unit based on some consideration other than worrying about the Nauticam battery getting used up.
I was just trying to say I've got 500 hrs out of it so far, and no sign of needing to change. I often pull a vacuum the day before as well. the point being the battery lasts a long time and it lasting me 100 dives (50 double dives) I think is pretty good. Overall I'm satisfied with the Nauticam system, particularly as the electronics are all pre-installed in the housing.