Off Topic: I've used TemplateMonster through a client, they bought a Flash website from them and at that time if you bought the template outright you got the .fla. Else, you just got a .swf . This was a real problem as the site's text and everything was saved inside the .swf and was not used externally. After about a month and a half the client finally bought a .swf grabber and I got the .fla from that.

On Topic: Is it bad to use a template and then just put your name on it? Yep, do most people care? Nope. You'll find people like this more than likely don't know a thing about webdevelopment, and more than likely have no clue what hosting is. They just are resellers and they make a few bucks for doing nothing.