Are there different rules for characters in a creative work such as a game, movie or comic? Hasbro's can't sell a toy called Ravage for instance but the character is never called Decepticon/Battle Ravage in the comics or movie. Same goes for Skids, Wheelie, Jazz etc. etc. Even in recent IDW comics Breakdown retains his G1 name. I think if a toy was made it would be sold as Brakedown but otherwise I suspect and hope they can keep the old name in the game.
For a nonTF example I think of how DC Comics can't sell a comic called Captain Marvel but can use the character's name