It appears that when you create a formula field, the field name cannot contain spaces. Hence, "Full Name" turns into "Full_Name". This looks bad especially when a regular field name is displayed without underscores (e.g. "First Name"). I can understand if there is a requirement that the database field name cannot have spaces but then there should be a display name that can have spaces.
It would be great is this could be changed.
Thanks,
Jeff