I like the Home button. I used a Galaxy Nexus 7 for a bit which doesn't have the button and I found it annoying.
I've pressed it so many times while typing or browsing the web, etc. it would be nice if they did some sort of biometric touch home button...
It's the most-pressed button and you need to press in quick succession sometimes - which makes it pretty annoying sometimes. Go virtual or replace it with on-screen gestures/actions!
iPhone needs to stay dummied down to the soccer moms, elderly and people that aren't tech savvy. A simple button press get you back "home" that was always Apples intentions and it will stay that way to appeal to the masses. God forbid you have to think how to figure out how to get "home"
I love that I can push the home button and swipe the lock screen all while removing the phone from my pocket. By the time my eyes are on the phone, it's ready to go.
I really don't see how a virtual button can do anything but worsen my iPhone experience.
Yes, it's a cool trick to minimize apps on the iPad with a 4-finger pinch, but I find it only works 75% of the time. It's a party trick, not a real tool. The home button does what it's supposed to and doesn't flake out on you like all these funny little gestures.
Keep the home button.
Gestures on the iPad are dope.
Not a party trick.