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Ever since I upgraded the firmware on my iPhone to the new 4.2 iOD, Ive noticed that when I hold down an icon (to move the icon), there is a lag at the point where it would become movable and wiggly and the deletion X will appear. I can remove my finger and there will be a half second or so before it becomes movable. When I press the home button to cancel the movability, there is also a delay. This did not used to be the case.
iPhone 4 iOS 4