Blade,
I was asking the same thing when I was shopping for one. The unit itself is identical whether you go with the 7224 or 7336. With either unit, you have a 3.7 amp motor. The RPM's are variable between 2500 and 6000 RPM. I usually have the speed dial set at #4. The difference in the two is the 7224 comes with a polishing pad that's mounted onto the polisher with the chuck wrench.
You must be registered for see images attach
The 7336 comes with a 6-hole hook and loop pad which is also mounted to the polisher with the wrench. The advantage with the hook and loop (velcro) pad is that you can also get polishing pads with velcro backing for quick change without busting out the wrench everytime.
You must be registered for see images attach
My suggestion is to go with the 7336 and buy the velcro backed polishing pads. Amazon sells the 7336 for $125 (free shipping).
Griotsgarage.com sells excellent polishing pads(red)for wax application and micro fiber pads for wax removal.
Polishing pad
You must be registered for see images
Microfiber bonnet
You must be registered for see images