I'd like to second this feature.
I think that it's important that all Red-Gate's products should refer to Schema and Object Name in the object lists.
I also think the schema should be referred to as Schema as well (not Owner as SQL Compare does). I do understand the problem of backwards compatibility with SQL Server 2000 as it doesn't have schemas explicitly, but I think that as Owner
effectively stood for Schema
in 2000 and no longer does in 2005> then the change of description is valid.
Please see my request in the SQL Data Compare 8 (Early Access Program) forum http://www.red-gate.com/MessageBoard/viewtopic.php?t=8935
for more information.