I've found an article which says that Froogle will get a new name: "Google Product Search" here is the origonal article: http://www.clevelandleader.com/node/1533 (this is not mine site and I'm not promoting it)
Well Froogle is a pun of the word "frugal" which basically means to save money. I can see why Google would change the name though. They want the "Google" name recognition to benefit them.
It already changed. now when you typed froogle it will redirect to www.google.com/products Maybe i'm the only one who think "froogle" is a lame name XD