No problem, Walter--thanks for the reply.
ETIME was just an example (it's near Bacliff, TX, southeast of Houston). I use it as a waypoint to steer clear of the Class B when I'm approaching home base from the SW. For the iFly, I can just rubber-band my course over to approximately where ETIME is and it's no big deal.
My question was truly from ignorance. There are a variety of handheld GPS devices and online flight planning tools that allow the use of five-letter named waypoints, but I have found that waypoints that work well in some devices and/or planners won't be recognized by others. I haven't really detected a pattern, and was just trying to get smarter about where these things come from and perhaps how to predict which waypoints are likely to be supported by all devices/planners.
Example: Here's the ETIME page on opennav.com: http://www.opennav.com/waypoint/US/ETIME
Scroll down a bit to the "waypoints near ETIME", and the map is just peppered with them. They're not aligned in a grid or otherwise arranged uniformly...it almost appears haphazard. Who defines all these things? How do GPS manufacturers decide which ones to include in their device's database and which ones to ignore?
Just one of life's little mysteries to an end-user like me....