Same exact thing here. It is just over 50 pounds. The handles make it so easy to move though and it is very light for its size.
In fact, if it was lighter, you would have to weigh it down so it wouldn't walk all over the stage.
I guess you're right - the amp I just sold on Craigslist was 80 lbs before I added removable casters and extra handles (to make it easier to load in a car).
I hadn't thought about the idea that a 40 lb 500w amp would jump around at high volumes. I hear that's a problem with the new GK MB210 - 350w and 33 lbs!