While I wasn't the first one to notice that the Moongate and other things were labeled Magincia and not New Magincia, I do believe I was the first one to make an actual post stating it rather than hinting at it.
So, obviously, this, meaning the naming of places properly, is an issue that I think it makes sense to care about.
And I still don't think the rune name is a big deal.
It would be worse if the name were radically different, like it said "an uninhabited island" or something.
This is something they should indeed fix, next patch. Perhaps along with other, more pressing, bugs.
-Galen's player