You may, one day, get into trouble if VFP ever has a native event of the same name. We had a .refresh() method in our label classes before VFP introduced it as a native event. When it did come in we had dreadful problems with our classes and had to do quite a bit of work to fix it.
Since then we try to use names for methods and events that they (MSFT) are unlikely to use themselves.
Since VFP 9 is probably the last, you should be safe though :-)

We added a
>I have an object based on Custom class. I have added a .Release method, which contains Release This (after checking for dangling references and so on). So basically the method releases the object it belongs.
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>As far as I can tell, it works good, but however, I'd rather ask: I am asking for trouble with this approach?
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>Thank you.