It would be if we called cars "automatic scooters". The term "dwarf planet" literally has planet in it, but Pluto isn't a planet. Of course.
Guinea pigs are not pigs, nor are they from Guinea. Neutron stars are not stars. We drive on parkways and we park in driveways. Names are names.
There seems to be a lot of confusion in this thread about why astronomers decided to no longer call Pluto a planet, and instead introduce this new category of "dwarf planets". Id' like to try to give some insight as to our motivation for doing this, and what these names
mean.
We have discovered that there are a
lot of objects in our solar system that are big enough to be round. We could, if we like, choose to call all of them planets. Or we could try to narrow it down. Why would we do that? Well, we notice that only a few of these objects are really unique. They are unique from one another, and they also really stand out from everything else in their orbital space. This is often described [in my opinion very poorly] as "they've cleared their orbit". Obviously, no planet has cleared its orbit completely. Not even Earth. What we really mean is that they have cleared their orbits of other bodies that are comparable to itself in mass. In other words, the object itself makes up the overwhelming majority of the total mass in its orbital space.
We can quantify this with such measures as the Stern-Levison parameter, or planetary discriminant, as Phantom Hoover mentioned earlier. We notice that "planets" and "dwarf planets" are separated by
several orders of magnitude by these measures. This is huge! Dwarf planets are not simply "smaller planets". They are a completely different class of object! They have failed to meet one of the criteria we choose to define a planet -- they do not dynamically rule their orbital space. They are instead remnants of incomplete planet formation. They did not accrete into a single body to dominate that region.
So it is important to note here that we do not simply define planets by size or by mass. Those
are important, because they determine when bodies shift into a more spherical shape by hydrostatic equilibrium, but it's not the whole story. The other part of the definition is a statement of dynamics. If you put Earth into the same orbit as Venus, neither would be planets. If that seems silly, ask yourself how stable such a configuration would be.
tl;dr -- physical properties are important, but dynamical ones are, also.