Went to genius bar for my appt today. Immediately upon describing issue, gentlemen put some LENGTHY described notes into my account. Seems like he knew exactly what the issue was.
He told me that "engineering has already fixed the issue" and that that subsequent phones should be better. He shook my phone and noticed rattling inside as well as from the power button.
He said that this is an obvious hardware/gyro issue and also noted that compass was constantly recalibrating... even though we never turned it on nor did I tell him. So obviously they're aware.
I was told I would have to wait probably a week for a replacement 64GB 5s. With dumb luck as we were filling out the invoice a shipment showed up and I walked with a new phone today.
My backup was on computer and not cloud so we were unable to test in-store. I will report back later on and see if all issue's are rectified.
For recap I had:
64GB Gray 5s ordered 12:03 launch night. Received with first wave of shipments
Rattling Power Button/inside phone... could really hear when vibrating.
Seemingly loose fingerprint home button
Lagging Parallax (He described as SERIOUSLY HANGING)
Gyro/Level was off by 3degrees & constantly recalibrating on launch
Hopefully all is now fixed, he seemed to assure me that it would be.