Axeman1020, appreciate all your input thus far, but it really seems off the mark. I am having the same issue as everyone else. When I try to share something via AirDrop, my daughter's name and photo pop up as the name (the kind of device listed is actually correct). It is only the name that is screwed up. We have four devices (an iTouch 5, two iPhone 5's, and an iPad Mini). Yes, all four devices are registered through the same Apple ID. For those of us with kids...this makes by far the most sense. Do you really think we want our kids running around with their own Apple ID and iTunes account access? Not to mention the separate apple ID makes no sense when you consider "find my iPhone" app needs to have all devices registered under the same iCloud account. But all of this is off the mark.
The issue is with AirDrop
This seems like a simple fix to me. Shouldn't we be seeing the DEVICE'S NAME when trying to use the AirDrop feature? Just like when I turn my phone into a hotspot. Those sitting around me see it as "Mike's iPhone" - that is the device name. Why are we not seeing the device name along with the "my contact" info that is assigned to that specific device (showing us their picture if they have one in contacts). That's where this feature is broken. With AirDrop, you can share content with known contacts, or you can share content with anyone running ios 7 and the correct hardware. So if I'm in line at Starbucks and I want to shoot a pic over to some nice old lady using AirDrop, she has ios 7 and we both have iPhone 5's, why is she going to see my daughter's name?? It makes no sense?...my Apple ID or our iCloud account set-up has nothing to do with it. It is my device communicating with another device via bluetooth and a wifi virtual network.
So again, why are we seeing the wrong name listed on all of our ios 7 devices on AirDrop?