"Duplicate Material and Assets" is a nice feature in 2023, but it really should prompt the user for the new material name and use that name for both the new Material and the Asset. The way it is now the Asset is called OldMaterialName(1), and I have to go rename the asset to match the new material name.
Having to rename the new Asset is a waste of time, and could be avoided if the user is prompted for a new name first before Revit duplicates with the useless (1) suffix.