The S470 features a mahogany body bolted to a maple Wizard II neck with a 22-fret rosewood fingerboard with "S wave" position markers. Components include Ibanez pickups in an HSH configuration, a locking nut and a ZR double locking tremolo bridge which debuted in this model. The S470 originally had Powersound pickups, those were replaced by Infinity pickups in 2005. The S470 was updated in 2008 with new inlays and an altered tremolo system. Later in 2008, production moved form Korea to Indonesia.