Hrm, you could called it Projeckt Pretentious Spellingh for all I care.
Names are just tools, so whatever floats the boat. I like both names.
Projeckt Liquid Dream is catchy, and it doesn't necessaily invalidate the theme of life's turning points (in fact, it's might allow a bit of expansion of the theme into the 'liquid dreams' of life, they flow and change from one point to the next).
Actually, come to think of it, Projeckt Life, while a minimalist and to the point name, is exactly that, minimalist and to the point. That's either a good thing or a bad thing.
Stil it's up to you.
