Greg Duncan likes the new name: Windows PowerShell.
Hey, a two-word name! Kudos to the marketing department.
Why rename Monad? Well, replace the "M" with a "G" and you can see one theory of why the name had to be changed. I still like Monad, though.
I hear the new name will be announced officially
tomorrow this morning and that the Monad blog will have more details then.
Don't know what Monad is? Jeffrey Snover, in this Channel 9 video, explains and demos.
Update: the new PowerShell blog is now up.