The problem with that kind of change is that a lot of people got used to a specific naming convention throughout the years.
With that in mind, it's already a stretch when some single items have their names changed - look at the scrolls of chaos resistance being changed to scrolls of corruption removal.
There was an uproar on the irc channel and a proper RFE followed quickly with a huge support that allowed to use the old name to avoid confusion.
Changing a hole bunch of things in this way is just out of question, the resistance from old, experienced players (me included) will be enormous.
It's enough to get new items with fancy names that depend on a bunch of parameters but changing old stuff that people got used to is just wrong.
"Hell is empty and all the devils are here."