I'm Laura, a product manager at Stack Exchange.
Before I get into my announcement, I just want to let you guys know that we are not changing anything regarding English Language & Usage. This post is just to keep you informed of some things we're discussing at a high level for the whole network.
I wanted to let this community know that I've started a discussion over on Meta Stack Overflow about some general guidelines for naming our sites, specifically our language sites, going forward. Feel free to read and discuss my post over there.
The gist of my proposal is that "& Usage" generally makes a site name longer and more difficult to say and type without adding much, if any meaning. I'd like to rename existing Stack Exchange language sites to just "X Language" and drop "& Usage" from both existing sites and any new language sites we launch in the future.
English Language & Usage is the exception to my proposed rule. We don't want to change your site's name. This name is your brand, and has been for a long time. More importantly, we have two English-language-focused sites, and I think it's necessary for both EL&U and English Language Learners to retain their longer names so that it's easier for users to disambiguate the two.
TL;DR We're having a conversation about the way we name language sites that you're welcome to participate in if that's of interest to you, but we have no plans to change the name of this site.
Update 11/25: Thanks for your feedback; we're moving ahead with dropping "& Usage" from the site titles of the other SE language sites. Those changes will be made this week. I know that some people feel ELU's name should be changed as well; I encourage you to start separate discussions about that, but if you do, please focus on this community specifically. Talk about what you think is wrong with the current name, propose new names and how the new names address the problems you have with the current one...but keep the focus on the scope and needs of this community. Do not propose new names for English Language Learners as part of the conversations here; that's a separate community (and one that has by and large been happy with their current name) that should have separate discussions on their meta if they feel their name is problematic.
As a rule, Stack Exchange does not rename sites, especially ones that are as old as ELU. If there is strong community consensus, however, we will of course discuss it with you; I don't actually see any consensus here about what specifically is wrong with the current name and what a better name would be.