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I think two-syllable names with emphasis on the first syllable are just sounds people like right now, for some reason, and -o endings are also generally increasing: Theo, Leo, Hugo and a while back there was a similar mini-epidemic of Milos where I live. This is a new one so clearly it is kewler! - and also apparently a main character in a Disney film.
It is a bit empty and trendoid, but it's fairly inoffensive.