While I understand what your intened use might be, I think that there could actually be more of a negative connotation of this name... as though being gay was a problem. I would hate to see this name get into the hands of someone that would use it to promote hate and intolerance. In that respect I give it :td:
Hold onto to this one and nurture it. The only positive thing to do would be to create a discussion forum for the GLBT community to talk about the issues they are facing, and to meet with others who share the same problems. It's still biased though, and the two terms together just don't sit well with me.
Just a manic opinion here... :tu: I wish you much success with the name.