Will it get renamed to wfce?

This is the best summary I could come up with:

Xfce 4.18 released last December with some strides on the Wayland front for this lightweight GTK-based desktop environment, but more work remains before Xfce will be fully compatible with Wayland and its own robust compositor.

The Xfce Wayland road-map was recently updated to reflect the latest work on this major undertaking.

The Xfce Wayland road-map on the project's Wiki has been updated a few times over the past two weeks, namely around the desktop panel plug-ins and applications support for Wayland.

There still isn't a firm timeline or release where they expect to have a complete Xfce Wayland transition complete, but ultimately are aiming to have a native Wayland experience that doesn't depend at all on XWayland and will be using wlroots as part of its compositor.

Many Xfce panel plug-ins are working under Wayland as are a number of Xfce's own applications.

Those curious about the Xfce Wayland Roadmap can find the latest details on the Xfce.org Wiki.

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XFCE is a fairly simple environment. If you can run Xfdesktop, Xfpanel, and Thunar, you have most of the experience. I would be ok running these over another window manager while the rest comes together. I used to use XFCE on an old iMac and Xfwm4 had a pretty bad memory leak so run XFCE over a different WM for a couple of years.

Awesome, I knew XFCE had plans but I didn't expect them to work out that fast till somewhat recently!

That’d be nice. Getting my monitor above 60hz requires Wayland on my AMD card. I’d like another desktop environment option.