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classmates is NOT a good buy at all. Facebook has very rapidly expanding to include people of all ages (not just current college kids) and is growing rapidly. They give for free what Classmates charges good money for.
I was a member of classmates in the past. I had a hard time connecting with anyone. I put up facebook about a month ago, and I have already gotten in contact with 4 or 5 people I haven't seen in a long, long time.
As for "better name", just remember that Amazon is a terrible name for a book company, and google isn't exactly an obvious name for a search engine.
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