Pels is confirmed. It was between that, Krewe and Voodoo (were hoping to buy out the AFL team's name under this scenario).
I think that Hornets was a perfectly viable and unique identity that they should have kept forever and ever, but if they are starting over completely I am glad it's not the same name as a currently existing pro team in another sport. Cardinals or Angels, which was also rumored at one point, would have been terrible ideas from a branding standpoint.