I have mixed emotions about the name, as I suspect most Lotus alumni will, but I think this is a smart move on IBM's part. See the post below for more details.
As part of its investment in the next wave of collaboration technology, IBM today released IBM Lotus Symphony, a suite of free software tools for creating and sharing documents, spreadsheets and presentations.
Beginning today at www.ibm.com/software/lotus/symphony, business, academic, governmental and consumer users alike can download this enterprise-grade office software, which is the same tool inside some of IBM's most popular collaboration products, such as the recently released Lotus Notes 8. In addition, these tools can be used to seamlessly extend a business process or custom application to create dynamic composite applications.