hobby projects shouldn't be bound by the moral (really aesthetic) sense of corporate america.

It's... not professional. It's a (neat) hobby project.

Two, it can also be named after the anime, Lilith.

Three, even so, nothing wrong about naming something after a succubus.

Four, I don't see the objectification. The objectification only exists in your mind.

Five, it is not a professional project. Also good for him that he didn't take the CoC (pun intended).