This is awesome, I always wanted to do this! Does anything happen when changing to the offensive name besides a name reset? I don't want to risk either of my accounts.
You're all welcome. Apparently, people have been sniping names recently as brought up by Sythe user 'T V'.
When transferring names using this method, please note somebody may be out to snipe you and there is a slight risk of losing the name if you aren't quick.