Yes,its substantially cheaper than traditional optical network(SONET based),which is the primary reason why its pushed for FTTx .
and splitters being passive,least maintenance.
There are four type's of PON's
APON – ATM PON (155M to 622M)
BPON – Broadband PON (155M to 1.25G)
EPON – Ethernet based PON (1.25G)
GPON – Gigabit PON (622M to 2.5G)
Wiki has clearly mentioned about all above there..
There is also WDM-PON,which is quite important development in PON's perspective,which uses wavelength division multiplexing,so multiple optical wavelength are used,which as u can imagine, improves capacity.
It employs a single mode fiber btw..
and there are a lot of new PON standards which im not aware of.
As i understand in japan,NTT has deployed PON very widely (Now u know where the 100M internet at their home came from
)