Check also to see if Honda has put any vtec engines in their SUV's, I don't know offhand, that might be a very neat niche use for the name.
Pronouncable, LLLL, with okay letters and definitely a neat - though not outrageously neat - look to it. Undev'd to reseller, maybe high xx or even low xxx. To end user, still can't see getting a lot for this name yet since many clearer ones might be used... but if you give Honda the nudge to start calling a model the v-SUV, or any other automakers who have any tech on their SUV's starting with V, then you'll be in the green. Long shot, but I think it's a name to at least hold on to for a few years and see, don't let 'er plummet at drop time and don't sell too cheap too fast, IMO.
I like the name; crisp and usable.