I respectfully disagree 
The more options, the messier, rather. Options are there first and foremost to solve problems certain people are having. If the problems can be solved to everyone’s satisfaction* there’d be no need for options.
Full names for example make the components more informative (but less recognisable) by using more text. In order to accommodate all this additional information the components must become bigger. This causes problems with layout as well. Now if you were to just zoom in on components they also get bigger yet they do not show any more information. I’d really like to explore the benefits of a true ZUI (zooming-user-interface) in GH2. Right now only the variable parameter UI is tied to the zoom-level.
* I know this is not possible, but I’ll settle for 99% satisfaction and 1% grudging acceptance.