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William - Bill (Bill is not too bad, but I'm not a fan either)
Edward - Ed (True. Edward sounds good, Ed sounds like idiotic)
Richard - Dick (Do I even need to say that I agree?)
James - Jim (I've never liked Jim)
Charles - Chuck (Eygh. Chuck has always made me think of dried beef)
Frederick - Fred (I think Fred is OK, much better than 'Rick')

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Katherine - Kathy (No, I like Kathy as a nickname for Katherine)
Isabelle - Bella (I disagree. I think Bella is a gorgeous name on its own so I like it as a nickname as well)
Olivia - Livvy (I agree. Livvy is awful)
Penelope - Penny (I like Penny. I'd never even considred it as a full name, but it makes a very cute nickname. If I named my daughter Penelope, I'd call her Penny sometimes)
Rebecca - Becky (True. I love Rebecca, but Becky doesn't sound good)
Susannah - Sukie (Dislike Sukie, too.)