I thought it was more deep than that. Im sure someone will correct me on some of my smaller details:
Wasnt Babylon supposed to be a place and a kingdom of plotting, betrayls, and things of that nature?
Also, I thought according to some Babylonian myths, that the universe was created from the fires of Order and Chaos (which is the driving theme behind the whole series).
Anyone care to elaborate on that? I thought that was why the name was chosen...