There was a court case in Germany about this (for some CMS tool - IIRC) where a forker used a similar name. The verdict was pretty clear: Forking was OK (copyright law - permission by GPL), but keeping the name was not (trademark law - no permission by GPL).
There are some (non-fork) projects that provide the same functionality, with the stated motivation being in part because of the citation thing.
The comment about motivation came from a bug report about parallel being "chatty": https://github.com/Homebrew/legacy-homebrew/issues/29060
Nothing homebrew can do about it, of course, but this illustrates one of the implications of parallel doing something unexpected; package managers have to field the complaints.
That's unforuntate design choice.
Exit status is 8-bit only, and some programs exit with high numbers¹, so the sum could overflow easily.
¹ For example, when a Perl program dies, exit status is 255.
Most of the tools look unmaintained (last release over a year ago).