Is it a concern? It depends on what you're doing. It is absolutely a concern if your corporation is handling ultra-sensitive information. However, you should also question your physical barriers in that case and whether you should use Wi-Fi at all for some aspects of your operation. Is it a concern for the vast majority of office workers or someone at home? Probably not; there would be easier ways to find a valid credit card number that don't involve the time and effort for a hacker to travel to your place where they could be discovered. There's no need to replace all your AP's with new hardware, although the Wi-Fi Alliance would love for you to do that.
Does this exploit warrant its own fancy name and domain name? As was the case for KRACK, I don't believe so. That should be reserved for vulnerabilities that have a severe impact AND are extremely trivial to exploit with no proximity requirements. If not, the fancy-name-vulns risk being deprived of their ability to get the attention that is required.