Join Date: Oct 2002
Location: London/Nottingham, UK
Well, the s270 (if its more than a year or two old) will come with a crappy LO-TRS-II or ILT-1 trem-NOT VERY GOOD! You can do a search on the site, basically, everyone has a low opinion of them! Also, the pickups will be Ibanez 'Powersounds'-cool sounding name, terrible pickups! They seem to produce bass where bass is humanly impossible. The tone is mud, fuzz, mud, mud and dinge.
The s470, on the other hand, will have the uber-cool ZR trem, absolutly gorgeous, packed with cool features that you won't find on a regular floyd rose. The pickups will be Axis or Infinity pickups, I think? Basically, Ibanez own brand pickups, but sound a little better than the Powersounds.
In short, the s470 is a MUCH better guitar, and you will outgrow the s270 soon after buying it. (but as it's second hand to start with, you can always resell it for the same value, after saving up the additional cash for the 470.)