Hey Jax, I wish you all the luck with your band project and stuff. Personally, I kinda liked the Jesse Evil name a little better, but that's just me. I think it paints a better picture in the mind of the fan/listener.
One thing to contemplate is that there is a band called Cellout.
That might cause some problems down the road, so you might want to think about how to address that before you have to trash a bunch of CDs or get in a legal battle or whatever trouble can come from that sort of conflict.
http://www.celloutonline.com/
I wish the old MP3.com hadn't been killed off. That was a much better place for quality music promotion.