Hi Austin,
I believe the C# feature that you are referring to is Code Refactoring and Visual COBOL doesn't currently support this. Because these forms are actually made up of two source files, one generated by the designer and one code-behind file that you use that make up a single class if you rename one then you have to rename the other files as well and make the appropriate code changes to the class names within the files.
I will look into this but I would recommend that instead of renaming Form1 that you add a new Form to the project by right-clicking on the project name and selecting Add-New Item and then selecting Windows Form and then giving it the name you desire. That way it will be created with all the correct names in place. You could then delete Form1 from your project.
Thanks.