XBMC is being renamed to Kodi

Version 14 of XBMC, the popular HTPC software, is changing its name to "Kodi" to further distance itself from its Xbox origins.

The renaming announcement further explains their reasons:

Six years have passed since the Xbox Media Center became XBMC, and simply put, "XBMC" fits less now than it did even in 2008. The software only barely runs on the original Xbox, and then only because some clever developers are still hacking on that platform. It has never run on the Xbox 360 or Xbox One.

Beyond the nonsensical nature of the software's name, there is a secondary issue. Because "XBMC" was originally based on the name Xbox, the developers of the software (that's us) have never had any sort of legal control over the use of its name, which has resulted in a whole slew of problems.