I have a negative response to all the suggestions that incorporate fragments of the name Freehand and references to "rising out of the ashes." A name that evokes the unfortunate and unpleasant end of a great application is depressing. Why keep going back to that unpleasant memory, like picking at a scab and preventing it from healing?
If we are a community of creative people, I think we should be looking forward to the next great thing and leave the past in the past. We should be pursuing that which is new and exciting. The name should portend a brilliant future.