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Hello folks -
I have, like many of you, been highly annoyed at the lagging home button problem on the iPhone 4. Is it a hardware issue or is it a software issue? No one is truly sure BUT i might been leaning more towards a hardware issue and this is the way i fixed it. I firmly believe the phone is collecting dust and dirt underneath that home button helping to diminish the contact responsiveness. On a whim I decided to blow forcefully into the mic screen for 5 seconds, the 30 pin connector port for 5 sec and the speaker screen for 5 sec. The iPhone is working PERFECTLY ever since i did this. I would love to have you folks suffering from the lagging home button try this fix and see if you get the same results. Best of luck.
From my iPad iOS 4