I think this is an interesting and promising concept and I certainly prefer some of your suggested names to the originals. However, the analysis of result quality is fairly subjective and in many cases I prefer the original name to the suggestions. I'm sure others would have different opinions.

Great tool for kicking off an initial brainstorm around names even if you don't end up using one of the suggestions. In fact, it could even be useful for gauging an initial reaction to your startup concept.