Different electronics, different microcontroller, controller board and overall pcb design is different. Newer models are overall more refined (compared to the newer Advantage). Other than that, not much.. The older models have double shot keys. I'm sure there are other differences too, but overall pretty insignificant.
Keyboard works great by the way, I got a PS/2 to USB converter and wired it up with jumper cables to the header on the controller board. I agree they're not exactly sexy keyboards but man, typing on them is like walking on soft clouds and kisses.