(If "musicoach" is already taken as a name, that doesn't make "musicoacher" viable. Just like you wouldn't name your presentation software "Powerpointer".)
Don't be a goofball(er?) when naming.
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! oxforddictionaries.com does list "coacher" as an Australian word denoting "A docile cow or bullock used as a decoy to attract wild cattle."
1 - yes, was an spontaneous word from a non-native English speaker (I'm brazilian) 2 - musicoach.com is not available
Even not being tecnically correct I think most people will understand the meaning, good enough for a side project I think, names can always change right?
Looks like a tool that shows you guitar chords with fingerings under YouTube videos.
Cool part is that he's algorithmically determining the chords -- no manual entry. Very nice.
Here's a tech talk I gave about that original Soundslice version: http://37signals.com/talks/soundslice