Transcend has officially launched its JetFlash 500 retractable USB flash drive series. As we all hate losing the cap of our flash drives, Transcend has opted to do away with the cap in the JetFlash 500, deciding instead on a capless design. The capless design apparently helps to keep the dust and debris out of the drive too. The JetFlash 500 is available in five color options (orange, red, blue, green and purple), and will be offered in capacities ranging from 2GB to 32GB. There wasn’t any mention of a price, though.