Here's a third opinion.

I am assuming you have pictures and other personal stuff on it. But the wife is going to freak if you try to spend $1500 on a dead $200 drive. If thats the case. Put it aside for now because you are in no hurry. Before you tinker with it, get a few cheap identical drives from Ebay. Now you can practice opening, examining, seeing dust particles, expiriancing how heads stick to platters, and meeting that powerful magnet. You can then practice board swapping and head swapping techniques. All this to really get familiar with drive innerds. You really dont want to learn anything on the drive you really wish to save. Even if you have little money. Also look for Youtube videoes to get a better idea what you are getting into. You may not end up being successfull, but if you try, at least you will have some hands on practice at keeping steady hands. But practice well, because a 500Gig drive is a lot denser than a 50gig. Just try and HS back and forth 10 times and see if you can do it without bending the heads. You will eventually make a mistake and then you will learn from it. When you think you are ready and have you work area all setup, then practice some more. Because that 500Gig drive from WD is especially tough to work with.