My concern with the name Stealth Address is that it will end up being a niche feature that most people will not use. Peter's "Ohh, privacy is good!" argument makes sense among his peers, but will fall flat on most common users. Most people "Have nothing to hide" and aren't threatened by privacy, even with all the leaks and damage done. This should be viewed as a standard and non-scary option, and not something for criminals and troublemakers only. Stealth has those connotations, and I have a feeling it will become put in a corner. I think he is also a bit biased in that the super-plugged-in people (aka meetup attendees) have heard of this term and it's too late to change it. I disagree that it's really that well known, even within the Bitcoin community.
Names seem to fall out of describing how something is used or describing what it does. We should also focus describing traditional addresses as well, to see if there might be a way to relabel them.