Probably not the best name for a band looking to hit more than the "indier than thou" fans, but I love the name Atomic Bit**wax.

As for bands that could have chosen much better, I'd have to list:

The Bled
Anal C**t
Ass Ponys
Porno for Pyros
The The
The Yeah Yeah Yeahs
Bowling for Soup
Atom & His Package
Mr. Mister
Panic! At the Disco
Chumbawumba
Ned's Atomic Dustbin
Enuff Z'Nuff
Agoraphobic Nosebleed
Hoobastank
Mott the Hoople
Thirty Odd Foot of Grunts
!!! (chk chk chk)
Archers of Loaf

there are really too many to name. start a thread with the best band names.