Well, it is in fact called the Kemper Profiling Amplifier. It's pretty much the technology the device was engineered on, and brought to the market to do.
All sarcasm and snark aside, I see your point. What you're asking for is basically a device that only loads profiles. I don't know that the profiling section is what makes the device cost what it does. It's the immense processing that allows it to maintain the audio integrity and sound and react the way it does, and that processor is the golden egg of the device (more accurately the process by which it accomplishes that, not necessarily the chipset itself).
Think of it like this: The Nissan GTR is an incredible vehicle. All wheel drive, twin turbo...and so on. I have seen a couple of them in excess of 2,000 horsepower. I bring my case to Nissan and say "hey, I can't afford a GTR. How about you guys make a cheap version". Their response is the 370Z. Sporty, fun to drive, NOT all wheel drive twin turbo, NOT a GTR.
The KPA was designed to occupy a specific place in the music gear market, and it does it remarkably. As good as the Kemper effects have gotten I could see them doing an effects only device but I just don't see them being remotely interested in a stripped down KPA.