Other. Since Perl is so near to pearl ("Perlen vor die Säue") which is made with calcium carbonate, the next generation of that language should sport silicon or a compound of it in its name. Perl is not to the least a linguistic effort, and that should be reflected in the new name. Silicon is what it runs on today, and the more linguistic twists (a.k.a. puns) the better. TIMTOWTNI (there is more than one way to name it):

• as Sillycon it would be perfect to inundate and take over The Valley
• as Silene it would claim proximity to Silenos, the old drunkard and teacher of Dionysos and thus to Midas who gained the ability to turn everything he touched into gold. Wealth, just by using the language!
• called Waver it would allude to its polymorphic indecision about what it is, to silicon wafer as well as to waiver - 'nuff said
• the name Sillica establishes strong ties to portland cement emphasizing its claim to be the concrete of the next generation IT, producing wastes of ugly projects which are difficult to remove, just like most buildings today
• just Silly - that would give room for even more puns: "how are we going to do that?" - "well, this is the silly way to do it, look here" - and all watching are in awe, specially those with linguistic inclinations
• ...

The double 'l' in the proposed names above will deter thousands of latin american programmers from invading gods own country, because they'd quickly realize that they would never pass the speling test.