According to Astronomy Magazine, NASA has announced a name for the replacement to the space shuttle:
As the space shuttle Discovery prepared for launch Friday, NASA announced the name of its replacement. The Crew Launch Vehicle, which will ferry astronauts to Earth orbit as early as 2011, is now called Ares I. The monstrous heavy-lift rocket, designed to loft cargo headed for the Moon later in the decade, is called Ares V.
Ares, the Greek word for Mars, is a nod to the agency’s vision of one day sending astronauts to the Red Planet. The numerical designations salute the Apollo-era Saturn I and Saturn V rockets, the first large U.S. launchers specifically designed for human spaceflight.
Ares. That’s way better than CLV. And I like the “I” and “V” designations in salute to the Saturn that took us to the moon, my favorite of all rockets. Pictures and more details at astronomy.com.