In some cases the eldest son is given the honorific of "Viscount", but is commonly addressed as "Lord X".
Viscount Lindley, David Snowdon
His only son, Viscount Severn (James)
No. The eldest son of an Earl usually takes on one of his father's lesser titles: for instance say the Earl of X also has the titles Viscount Y and Baron Z. The Earl's son is thus known as Viscount Y. If Viscount Y has a son in his father's lifetime, that son, the Earl's grandson becomes known as Baron Z. Note that these titles are courtesy titles, and are not official. The Earl of X's son may be known as Viscount Y, but the official Viscount Y is still the Earl himself. Note also that in some cases an Earl will not have any lesser subsidiary titles (i.e. the Earl Temple of Stowe). In such a case, the Earl's son and heir will be given a made-up title (the Earl Temple's son is known as Lord Langton, a title that does not legally exist). These same rules apply to Dukes and Marquesses, but not to Viscounts or Barons: sons of Viscounts and Barons are not entitled to courtesy titles.
Viscount is a title held by certain British noblemen, and ranks below an earl and above a baron. The first person to be titled a viscount was John Beaumont, who received the honor in 1440. Today the title is usually given to men whome the ruler wishes to honor.
James, Viscount Severn- Prince Edward's son. See the related question below.
Viscount Hill was created in 1727.
Viscount Exmouth was created in 1816.
Viscount Bangor was created in 1781.
Viscount Palmerston was created in 1723.
Viscount Scarsdale was created in 1636.
Viscount Doneraile was created in 1703.