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Playing off the fact that the “Y” clearly didn’t stand for “yes,” ...

Sure, of course, and the "n" is a nReduce isn't really an n. Stands for "Eta Reduction". http://www.haskell.org/haskellwiki/Eta_conversion

But names are just names. We tried to have a bit of fun with ours.

Argh! An η (eta) isn't an "n" at all. It's a vowel, with an "ee" sound. Your thing is pronounced "ee reduce".

hehe, yeah. it's a bit forced. but who cares right? :)