Okay, it looks like the nomenclature of "Standby+" is starting to become accepted (in fact, I'm surprised I'm not seeing not "SB+" yet!), but I think I would like to take a stab at proposing an alternative if it's not too late.
Now, we are seeing Standby+ because it seems a logical parallel to FP+. However, accepting a + for this new item suggests that we should assign it a similar meaning as the + in FP+. So let's consider the possible meanings of the + in FP+ and see if we can find something that would be broadly (I would dare say universally) accepted by the DIS community, an then see if we could then apply that same meaning to this new Standby thing.
Okay, what does the + mean in FP+? I expect that Disney viewed the + as signifying an enhancement of the FP system. However, since it is us DISers that are inventing this next word, and not Disney, then I do not think we accept without question Disney's assertion that the + in FP+ means "better". Indeed, anyone that has read the boards over the last several months would certainly agree that there is not consensus that FP+ better than original FP. Many a thread have devolved into Disney haters and Disney apologists squaring off over whether FP+ is the root of all evil or manna from heaven, with most of the rest of us just watching in amusement as we go down that path once again. I am not (at least in this post) going to state whether one side or the other is correct in his debate; it is sufficient for my purposes here simply to show that there is not consensus that FP+ means "better FP". Similarly then, as some DISers already appear to be judging this new potential standby system to be a really bad thing, it would not be fair to force them to accept the label of "Standby+" on the premise that the + means it is better than the old way of doing standby.
If we don't all think that FP+ means better FP, then what else could it mean? We might posit that it means simply a "next generation FP", sort of like as if we were saying "FP version 2.0". Certainly most of us would agree, FP+ supporters and detractors alike, the FP+ is a change from the old system of FP. Under this way of thinking, we might all agree that we accept that the + in FP+ could be indicative of merely a change moving forward in the FP system (irrespective of whether that change may or may not be a good thing). Unfortunately, I do not think it would be appropriate to extend that thinking into the creation of a "Standby+" terminology for this new thing they are testing at the A&E M&G. While some would argue that this is a change to the traditional standby system (i.e. it still uses the standby queue, it is still first come first serve), others are already arguing that it is actually more akin to the old FP system (i.e. paper ticket with a return time). With this train of thought, we could end up arguing whether this new thing is better referred to as "Standby+" or "FP-". The DIS community remains unresolved in finding a name that works for all.
Is there anything else, then, that we could possibly agree to as both satisfying our use of FP+, and could at the same time lead us to some acceptable term for this new thing as well? (I know, the two of you still reading at this point must be on pins and needles.) I have one more thing that I thought of, and as stupid as it sounds, it just might work. What if we all accepted that the + in FP+ could be representative of the fact that there were additional FP opportunities added with the new system? Under the FP+ there certainly are many more rides, M&G, etc. for which you can get FP than under the old system. Let us now apply that thinking to what we have going on now with A&E. In this new case, the opportunities to use traditional standby is being reduced (perhaps only by one attraction, and only for the peak hours of the day, but reduced nonetheless). So, here we finally have a naming mechanism for this new thing they are doing at A&E...
...IN PARALLEL WITH FASTPASS PLUS, DISNEY HAS NOW GIVEN US STANDBY MINUS!
There we have it. Given that I have spent as much time typing this silly thing as some people (used to) spend in line waiting to see A&E, I will now pretend that any counter arguments others may make are without merit; my genius in this is clear and you need not waste your time even trying. I EXPECT AND DEMAND THAT STANDBY MINUS BE THE ONLY TERM PEOPLE USE FROM NOW ON FOR WHAT IS BEING TESTED AT A&E!!! (Is there some way to indicate sarcasm in type so as to avoid some people getting actually mad at me? probably not, oh well.)
Good night.
P.S. Feel free to abbreviate as SB-
Are these crazy people off doing rides when they know we're here waiting to hear feedback from the A/E standby line? 
