Does the use of the chant 'Paramatman' in meditation make it traditional and meaningless?

According to Osho, chanting 'Paramatman' doesn't make meditation traditional or empty; he uses it only to point to the ultimate, center-most source of life—what is finally experienced within. Any name would do; words are mere pointers. What matters is the direct inner journey: first a cool, source-less light, then condensed peace, and finally bliss.