Oh, my gracious!
I had one of these, which was incredibly awesome, because there wasn't a lot with my name on it as a kid, and most of what was out there was intended for a boy. It was an annual tradition, I would come down to breakfast and Mom would be playing the weird little square floppy record on the hi-fi system in the wood-paneled family room with olive green shag carpeting. (Oh, how I wish I were making at least part of that up.)
They will now customize alternate spellings on the album cover, which is neat. They have Pierce, but not Pearce. Predictably, they have Hamishe, but not Hero. They can make them to order for an extra $10 now, though.
Hmmmm...they have Pedro (also, his actual name). He might be getting one for his birthday. It won't have the same meaning, given that he didn't have one as a kid, but still. I mean, the dude's in charge of the stars, and he lives on the moon, and he came to down earth just to sing me this tune! What could be cooler?
Also: The cover illustration, as I grew older, always reminded me of Elton John.