This is what we do in America, worship royalty whether it British or our own made up royal families here in the US- we can't get enough. Mostly because we're all fat dumb asses. anyway back to the royal baby name. Via Hollywood Life:
Elizabeth Diana Carole, in honor of William’s grandmother Queen Elizabeth! The middle names will also be in tribute of their parents, William’s late mother Princess Diana, and Kate’s mom Carole. Carole is also the Latin variation of the name Charles, and Elizabeth is Kate’s mom’s middle name!What the...? That's not original. Damn you Britain not again.
I'd like to point out very quickly that while I find royalty worship a bit sickening, Kate is worthy of worship. Let us worship her.