I ran in to this same issue/question, so I thought I'd share my results.

These functions allow me to enumerate the printers installed, and change the printer name (ONLY).

ChangePrinterName('OldName','NewName')

 Code:
Function ChangePrinterName($OldPrinterName, $NewPrinterName)
	$printers = arrenumkey('HKCU\Printers\Connections')
	For Each $printer in $printers
		If InStr($printer,$OldPrinterName)
			$printer = Split($printer,',')
			$old = '\\' + $printer[2] + '\' + $printer[3]
			$new = '\\' + $printer[2] + '\' + $NewPrinterName
 			$rc = AddPrinterConnection($new) 
			If Not @error
				If Primapstate($old) = 2
					$rc = SetDefaultPrinter($new)
				EndIf
				$rc = DelPrinterConnection($old)
		 	EndIf
		EndIf
	Next
EndFunction

Function PriMapState($_Pri)
	If Len(ReadValue("HKCU\Software\Microsoft\Windows NT\CurrentVersion\Devices",$_Pri))
		If Split(ReadValue("HKCU\Software\Microsoft\Windows NT\CurrentVersion\Windows","Device"),",")[0] = $_Pri
			$PriMapState = 2
		Else
			$PriMapState = 1
		EndIf
	EndIf
EndFunction

Function arrenumkey($regkey)
	Dim $Keylist, $c
	If Not KeyExist($regkey)	
		Exit 87		
	EndIf
	Do
		$Key = $Key+'|'+EnumKey($regkey,$c)
		$c = $c + 1
	Until @error
	$arrenumkey = Split(SubStr($Key,2,Len($Key)-2),'|')
EndFunction

I am sure it could be configured very easily to change server name as well.