I've used Freya, Loki and now Juno. From memory, it was the same with each. Whenever I install a new printer through the GUI, the printer name (in print dialogs) shows as something non-descriptive such as "LPD_LPR_Host_or_Printer", rather than the description I give it (which in my case would be something like "MFC-L2750". I only have one printer at home, but would still like to see a proper name (that I give it) rather than what it is now. For the moment I use Cups to setup printers, as that allows me to specify a pretty name, but its something I would expect to be able to do in the System printer setup UI.
I guess it's not so much a question as a comment. :-D