You mean like, AbstractSingletonProxyFactoryBean? Sure, it's English, but when you end up with a project with that many layers of needless abstraction, it's not going to be easily and quickly comprehensible by anyone who isn't already familiar with it.

I think factories and beans are a sign that object construction in Java is a mess. In the applications I work with, most calls to "new" are dealing with data structures (lists, maps, protocol buffers), and behavior-heavy business objects are a mostly static call graph. Not sure if there's a name for this pattern though.