Is there 500m hard altitude limit just like in other DJI drones?

I don't have the drone yet, but based on what I see so far, I believe there "IS" a 500m altitude limit.

Not too bad considering legal limit is 120m in most places. However could mess up certain mountain shots. For example in Iceland we did a base jump shoot. 1 day we hiked the the launch site which would be fine. But the 2nd day we did pick ups from landing site. The mountain was huge! Peak is 664m. Ofcourse flying at great heights like this is hard but for pro's being able climb the drone up and then drop down would be an epic shot. I would like to option to fly at big heights if I want.

Yes, it is there and it's the reason why I'm not going to get it.