To be honest with you, I think the EA500 is a poor choice. There's nothing wrong with the airframe, it's the avionics system that stinks. They've painted themselves into a corner by promising an integrated avionics suite and full FMS at 1.5m (actually, closer to 2m with options). But if the company is going to be financially viable, they're going to have to start hiking the price to the point where a Mustang or Phenom isn't a much bigger investment for a lot more airplane.
Also, even if it gets certified tomorrow, I wouldn't expect an airplane any time soon. They'll tell you that there's a two year wait, but even if they meet their revised production estimate of 250 airplanes a year, simple math says that it'll be 10 years before they burn through the 2,500 orders already on the books.