The new HTC Kaiser appears to be a slightly updated HTC Hermes which is sold by Cingular as the 8525. The HTC Kaiser also adds a GPS receiver. Aside from the GPS receiver the HTC Kaiser retains the 400 MHz OMAP processor, 3G, Bluetooth, Wi-Fi and QVGA screen of the HTC Hermes.
On the value side of things is the new HTC Elf. This model sports a 200 MHz OMAP processor, 2.8” screen, Bluetooth and a thin design. As the HTC Elf is a value model it lacks additional features such as Wi-Fi support. There’s no mention if the HTC Elf will be 3G compatible though.