I don't like to be a hater. A brand new theme park in Florida for the first time this century is a wonderful thing and if it's truly revolutionary (pardon me for doubting this) than all the better to force Disney to up they're game.
However, even ignoring using the word Universal twice - the name alone "Epic Universe" is pretty terrible. It doesn't really SAY anything about the park. Let's ignore Disney's name but "Universal Studios" tells you it will set up sort of like a film studio, and "Islands of Adventure" says there will be separate themed "islands" that will be full or excitement. What the heck does "Epic Universe" tell me? It's Epic, and it represents the entire Universe? Epic is such a "of the now" word, it just doesn't feel like it will hold up well. (It's like calling a theme park ride "Rise of the..." something ....oh wait.) I'm supposing JK Rowling wouldn't let them call it "Fantastic Worlds" which to me was an infinitely superior title.
I also think it was weird to announce the theme park, but not even announce around when it was opening. (2021? 2023? 3002?) It makes it the type of announcement you see all the time that never comes to fruition - "Coming Soon! New Sears location!" I can see them holding back the IP being too early to confirm these things - but just presenting a vague name with no other information just makes it feel very underwhelming of an announcement.