Indeed. I wonder if they'll also want to call it Babel Fish? http://en.wikipedia.org/wiki/Yahoo!_Babel_Fish just confused me more, and I've now no idea who actually owns the trademark rights to that term. (It was AltaVista, bought by Yahoo!, spun-off into Bing Translate, which was partially bought by Microsoft, and ... I'm lost... )
Yahoo/Altavista Bablefish and Google Translation (til 2007) were based on SYSTRAN software: http://en.wikipedia.org/wiki/Systran (a desktop version for offline usage is even available)