As said, the CX series is a budget line of PSUs, and like everything that's budget, corners have to be cut. Typically, these corners (which apply to the CX500) are:
1. Cheap capacitors.
2. Lower than claimed wattage.
3. Less tolerance at high temperatures.
4. Shorter warranty.
5. Fewer safety features.
I owned a CX750M a while back and it developed a horrendous whine so I had it replaced under warranty. The replacement then did the same thing so I refunded it and got an XFX XXX Pro, which has been rock-solid for years. A good PSU is an investment; it'll look after your PC and outlive every other component.
The tier list is not a "biased geek's opinion". It's an amalgamation of manufacturer specification, reviews and failure rates.