The new Web 2.0-esqe (or dare i say Web 3.0-esqe) nomenclature is dominated by "double-vowels" (Wii, xumii, mobee) or "vowel-combos" (cuil) not often found in normal english. So this approach will not succeed in giving you a really innovative name. Probably you need to perturb the Markov-chain to achieve that or waste a lot of free time digging your cognitive faculty!