It has the new VR version. Nikon has been a bit weird with this. If a lens already had VR they are now calling it VRII, it it did not have VR before the lens will have a designation of only VR! The 500mm has the latest VR version, there never was a 500mm with VR before (it is the latest version of the 500mm).
Nothing misleading from the OP, a bit weird naming from the side of Nikon maybe.
Ok, my bad then.