Hi Chris, Something similar happened with me as well...

I am launching my new product in Jan, 2012. Previously i named it WordPress SEO System...but ClickBank denied to accept the name saying that the can not approve a product with popular brand name sin like WordPress.

I had everything ready: Website, Membership Site, Graphics, Content, JV Emails, Pre-Launch Content, Sales Letter...Everything.

So in the end i had to change it to new name Profit Pentagon.

I asked them several times that if the name was ok, once they approved the name, i booked the new domain & now i am doing everything with new name.

It's very frustrating & time consuming as well.