I saw the discussion on flyertalk few days ago, the new card is called "Sunpass" card, which comes with $75 dollar annual fees.
The benefit includes
-Up to 40,000 Hilton HHonors® bonus points with first purchase — enough for up to five free nights
-Up to 20,000 HHonors bonus points with first eight Hilton Family stays charged to the Card during your first 18 months of Cardmembership
-HHonors Gold VIP status complimentary with your first year; to maintain thereafter, total eligible spend must reach $20,000 annually
-HHonors Diamond VIP status when your total eligible spend reaches $40,000 annually
-$75/year annual fee
-9 HHonors bonus points for every eligible dollar spent at participating Hilton Family hotels
-6 HHonors bonus points for every eligible dollar spent at gas stations, drugstores, and more
-3 HHonors bonus points for virtually every dollar spent elsewhere
-500 HHonors bonus points when you book online at any Hilton Family Hotel Website using your Card
I think this is a great card to have if you can spend enough money to get Gold or Diamond status.
In addition, as a Hilton Amex card holder, you can have AXON 4 nights award at any cat 5 or cat 6 hotels for 125,000 points. However, they adjusted this to 125,000 for 4 nights at cat 5 or 140,000 for 4 nights at cat 6.