Not if the following post after yours is anything to go by
It was a joke, you know - Haha.
This topic has always been very silly because the answer has always relied on context of the medium just as Sky Shadow has rightfully and repeatedly said.
If you are talking about the cartoon and say that Frenzy is blue then you are wrong.
If you are talking about the G1 toys or most comics (and almost all else) and say that Frenzy is red, then you are wrong.
Cartoon fans will always say that Frenzy is red and that is fine because they are correct - In the cartoon Frenzy is red and that is all they are usually referring to when they mention it. Not a difficult concept and certainly not worth arguing or getting worked up about as it's pretty straightforward - In the end it is most likely that your preference will be right within the appropriate context.
In the event that due to one's appreciation for the cartoon desires to call a red G1 Rumble, Frenzy then that's your choice as you have chosen to override the official name which you have a right to do since it's your toy. This is a personal choice which one should not need to argue about because it was your choice to go against the official name and one shouldn't expect all to follow a personal preference.