I have the same launcher problem after installing the 4.04 update. We did a hard reset, after restoring one page of apps the problem returned. Verizon sent a replacement phone. Restored all my apps. Worked fine for 2 days until I shut the phone off and restarted it. Launcher problem returned. It appears to happen after restarting phone. Other than getting another replacement, and hoping the problem won't appear, but being a cynic I expect the worst, any other suggestions would be welcome.