Another meaning for Moe in Japanese is the slang term for the fuzzy feeling you get when you watch a character (usually in anime). So if you think your child might go to Japan some day, or meet someone Japanese or who likes Japanese culture, then avoid this name, because they might get teased. Or adored.
-- Anonymous User 11/23/2006
I would also like to add that this is actually a "fangirl" expression. Now, it is more commonly used for yaoi (gay) love, especially in anime (it is recurrent in the anime Ouran). And I also do not recommend anyone to give this name to their child. Although it sounds cute, there is a huge risk of your child being teased, or being savagely chased around by yaoi fanatics.
This name is quite cute, and yes, it is used in reference to a sort of fuzzy feeling. But to the people who have used this place to take cracks about people who enjoy yaoi, I find your references to "yaoi fanatics" quite rude, as if they are all some sort of freak. The term moe, which has here been bizarrely associated with yaoi (it has nothing to do with yaoi), is really quite cute. I think the term is too obscure to become a problem, and I see no risk of such imaginary crazed yaoi fans hunting a bearer down.