when i renamed the portgroup, there was no drop.. but now that I look deeper, you're correct, the portgroup comes up as grayed out & (inactive) so if you power cycle/reboot it doesn't reconnect...
I know I did this a few times in my 3.5 or 4.0 environments back in the day with no problem, but it seems in 5.5, they come up as inactive, but it's been quite some time since I tried this.
I know if you rename a PG in vDS, there are no issues, but that's more of a change managed by vCenter where vSS is managed by the host...
I stand corrected.