Basically, no.
You can change the display names of the namespaces in Special:AllMessages, and you can make aliases for the namespaces with $wgNamespaceAliases, but I don't think you can actually change the underlying names.
For example, to go to the talk page for Stack Overflow on the german wikipedia you can use http://de.wikipedia.org/wiki/Talk:Stack_Overflow or http://de.wikipedia.org/wiki/Diskussion:Stack_Overflow and they both take you to the same place.
BUT: The english wikipedia there is a page called Template and I just tested by making a page called Template on my wiki with no problems. So maybe it isn't the template namespace interfering. When I made a link to Template on my wikipedia userpage with [[Template]] it linked to the article Template, not to the name space.