I'm also assuming that they won't allow any star names that might violate copyrights from other works, like Winterfell, Skywalker, Mordor, etc. That could lead to some additional time for the names to be vetted by Stardock.
I was also wondering how likely it will be that I'll actually get to see my star (name still TBD) in a game. I guess that depends on how many founder-named stars are allowed in each size galaxy and how many elite founders there end up being. Seems like I might have to play a lot of games to find my star. Even then I supposed it might not have a habitable planet for me to fight over. That all may be for the best though because I'm sure that in any game with my star, my strategy will be totally unsound due to my overwhelming desire to colonize that system and make it the hub of my empire.