It's funny to see so many people freak out over a name. Think about the current video game systems out there and how "great" the names are:
1. PlayStation (2,3): wow, that's really thought invoking. Perhaps Nintendo should have renamed there new system the GameBox, or VideoGameMachine?
2. XBOX / XBOX 360: I guess this was suppose to make it seem like the machine was some cutting-edge badass that was the new, cool system to have.
I agree that Revolution was a more appropriate name (and indeed a better sounding one), but think that to choose to buy or not buy simply based on a name instead of the content of the system would be ignorant.
I wouldn't care if it was called the Nintendo Anus. Hell, I'd probably laugh every time I said the name, but if the games and the system do everything we expect it to, then who cares?