the experts have torn apart and tested all kinds of psu's and ranked them based on quality.
http://www.tomshardware.com/forum/id-1804779/power-supply-unit-tier-list.html
this list is a huge help when shopping and deciding. when people say "it is a tier 3 psu" or something like it, they are referencing this list. the vx is an older version of the cx series i believe making it an average tier 3 unit. it has taken me a while but i am finally understanding all the little things that make it a tier 1 vs tier 3 or 4 unit. it gets real technical with microsecond power spikes and all kinds of other things i only superficially understand. but i do trust the list and the experts who made it
what i have discovered is that 500w is meaningless. what is important is the quality of the build and how the various voltage rails are configured. i have seen 750w psu's with less power available to the important parts than a quality 350w one!! so i would assume someone on amazon saying it fried their 500-550w psu probably had a cheap one. more than likely one that came with a prebuilt system. prebuilts use the cheapest most craptastic psu's made to keep costs down.
a manufacturer will say "550w minimum" when in reality a quality 450w one would be fine. they do this to account for the cheap psu's out there.most of the time a brand also has crap psu's they sell that really would need such high numbers to run the card. the power parts run off the 12v rail of the psu. so a strong 12v rail is what is important over total watts. a 600w psu (for example) will have that power split over the 3.3v, 5v and 12v rails. most of it should be the 12v rail. a crap psu will have 150w to the 12v rail and the rest to the lower volt rails that really don't run much. so this psu would be useless for any kind of decent cpu/gpu combo. but a quality unit will have 575w or more for the 12v rail. this of course will allow for much better parts to be used.
that is the basics of what the power needs means. some manufacturer's are actually beginning to state 12v rail amp needs rather than total wattage since the number can be so meaningless overall.