The code shows Android L as "LMP," for example the official preview SDK referencing "lmp-preview-release" and HTC's Wi-Fi certification (the Nexus 8) showing multiple LMP entries, as well.
Of course, Google could still pull an audible and team up with another candy company for a branded effort like Android 4.4 KitKat was.
There had also been rumors that L was short for Lollipop but that seems squashed at this point.
Source:
Android Police
Written by: Andre Yoskowitz @ 24 Aug 2014 15:35