Would you also choose $1 million in ten years over $1000 in an hour?

Probably.

And would you choose $1000 in an hour over $500 right now?

Ooh. That's a toughie.

I suspect in practice it depends critically on all kinds of subliminal aspects of the situation... that is, which way I choose can probably be manipulated by the exact choice of words, what the person is wearing, yadda yadda. My guess is that I choose $500 right now for most versions of the choice, but $1000 for a substantial minority.