I have to say that whether the name is "liked" or "not liked" is, in my opinion, irrelevant. At this point it is obvious that the name itself created huge discussion, and not just among hardcore gamers. When the name was initially announced, it was all over the main-stream media. This topic alone reiterates the fact that it created the stir that I feel Nintendo wanted.
In my home, we talk about the Wii, but we joke around with the name just as much. The fact is that we trade Wii jokes constantly. Funny? yes! Does that make it bad? Not necessarily.
My twelve year old son first told me that he would still refer to it as the "revolution", but I haven't heard him use that name in the last week or so because referring to the "Wii" is just funnier and makes him laugh everytime. Isn't that what Nintendo wants? To make people smile. Whether intentional or not, the name does just that. For him, the name is no different than Wario having "fart" power in the new Smash Bros. game.