The kaon-nucleon interaction in nuclear matter is considered by taking
into account tree graphs, p-wave interaction, pionic intermediate sta
tes, kaon fluctuations and some residual interaction. The latter one i
s constrained by Adler's consistency condition. The K-, K+, K-0, (K) o
ver bar(0) polarization operators are calculated in cold nuclear matte
r with arbitrary isotopic composition. An extra s-wave repulsion is fo
und, which probably shifts the critical point of a K- condensation wit
h vanishing kaon momentum to large nucleon densities. Oppositely, an e
xtra p-wave attraction is obtained, which may lead to a K- condensatio
n at vanishing temperatures and densities rho greater than or equal to
rho(c)(-) similar to(4-6)rho(0). The spectrum of the kaonic excitatio
ns in nuclear matter is analyzed and a new low-lying branch in the K-
(and also (K) over bar(0)) spectrum is found. Its presence may lead to
interesting observable consequences, such as the enhancement of the K
- yields in heavy-ion reactions. At rho greater than or equal to rho(c
)(-) the frequency of this low-lying branch becomes negative at non-va
nishing momentum; that signals the onset of a new type inhomogeneous K
- condensation. The K- condensate energy is calculated in the approxim
ation of a small KK coupling constant. Accordingly, neutron star matte
r may undergo a first-order phase transition to proton matter with K-
condensate at rho > rho(c)(-) due to p-wave interaction. The temperatu
re dependence of the most important terms of the K- polarization opera
tor is discussed. In a rather wide temperature region 0 < T < 1/2m(pi)
a growing temperature enlarges the K-N attraction and promotes the ka
on condensation. The possibility of p-wave (K) over bar(0) condensatio
n is also considered. The question is qualitatively discussed whether
proton matter with K- condensate or neutron matter with (K) over bar(0
) condensate is energetically more favorable.