1. Open IE and browse the web a little 2. Press the home button, read your text messages or some bullshit 3. Press the home button again, open IE. Now try and browse back one page in your history (e.g., you're returning to hacker news after reading a story). The physical back button takes you back to the home page. There is no "soft" back button, so I have to pull up my history and use that.
Horrible!!!!!! Maybe Android is this way but it seems horrendously stupid to not even give me the option of a soft button.