Yeah, doesn't appear to be any way to edit the names of players. It's too bad they didn't get a full ICC licence to get all the players. I'm happy with playing this game anyways, I don't think it's too bad. But being here in NTSC land I really don't have any other options since I only own a 360 (not region free) and Wii. They never release cricket\rugby\afl titles here.
EDIT: A few things that could had been improved... why is there no way to advance up the crease when batting? and why is there no control of fielding, even timing based mini games to play for catches or timing of throwing back to the wickets. but again I won't really complain, it's the only Cricket game I can get.