Well yes, but a lot of people immediately jump to conclusions based on name alone, it's human nature. Definitely something to consider when you're picking a name for a project.

An example that comes to mind is JSON5. People have a visceral reaction to the name, it sounds like it's trying to be HTML4.01 -> 5 but for JSON. In reality, it has its uses but doesn't supersede JSON whatsoever. The name itself has given it a bad rap though.

If you pick a name like "Gloomberb" the most obvious interpretation is that it's a Bloomberg alternative.