I doubt it matters much in the entire scheme of things. The word "christian" alone might sway some people, being that, especially here in bible belt of the united states, the sunday christians talk the bejeezus out of the talk, and like to keep up appearances, being the shallow naive folks that they are.
As long as ubuntu management is alright with them using the name, I don't really see a problem. Don't want Ubuntu - Christian Edition? Don't download it.
Now where's my hedonistic ubuntu?
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