The Hybrid is the same shape as the Hitman, but with hybrid response. That is an O-Ring and Starburst combination. Different logo design as well.
The Logo Side View shows two variations of the logo design. Although SE stands for special edition, this is just like other Hybrid Hitmans. Just a custom logo cap with "SE" and a link to an online store for advertising. The black pictured here was released in May of 2005, and has the "SE" logo, although these were sold to all vendors selling YoYoJam products.