you saw how much crap we got for changing the mascot? Imagine what would happen if we attempted to change names. xD
To be honest, we did consider it, but the CM name has mindshare outside of our community (Engadget readers, TheVerge, CNN, Hindustan Times, etc). Changing names is akin to throwing away that mindshare, which didn't make sense to us. I can tell you though, even Cyanogen himself is not a fan of the current name, as it alludes to it still being a one-man show, when in fact it is more like a couple hundred people.