Well, it is a pretty nonsensical name for a font. It appears to mean "unconsoled", which (a) has no valid semantics as applied to a font, since fonts don't have thoughts, moods, or feelings; and (b) has a very negative valence - being unconsoled is a bad thing.

Inconsolata was inspired by and named after Microsoft's Consolas font, which was presumably so named as it was meant for the console.

OK, but by the time you're just picking ordinary words for the name of your product, should you have any level of concern for what those words mean? Are we going to follow up with "inconsolable"?

Consolation! Console Nation? I am sure they have a crack font-naming team in Redmond, we haven't seen the end of it yet.