I don't like the name, but I don't have a problem with the concept.
I have three daughters, and I have bought a lot of knickers in my time. Many are simply not up to the job of providing full "seat" coverage. Thin material, and skimpy gussets.
I either by mine seam free shorts for summer, or they wear cycling shorts over the top.
I don't have a problem with privates being private. Not sure why anyone does TBH.