Shoutbox

"A lot of you were requesting this one: the new Custom Name feature lets you set your own names for your contacts. Customized names are displayed in the contact list and the toast popup windows. This is very handy when your contacts keep changing their names "

So, if I was to set someones name as, say "Pie f*cker" I would see that in my contact list, and when he/she signs in? If so that kinda defeats the purpose of MSN/Windows Messenger having the ability for you to choose whatever name you want, doesn't it?
If I'm getting the wrong idea about this feature, someone tell me, please.