How to change audio device's Name

[lauph]

Hi,
In the sound preference pane, the input and output devices have 2 properties. the Name, and the Type.

Just being curious, but how can I change the Name attributed to a particular input/output device?

Thanks

 

[Shevlock]

I'm also interested in being able to do this. Searched and found this thread, figured I'd bump it rather than start a new one.