Same with me. It was infuriating. I tried a few alternative launchers but didn't like any of the ones I tried. However, I did notice that getting rid of Lookout (anti-virus) and Advanced Task Killer did help a bit. I'm hoping rooting the phone will reduce the problem further.Really, 3 to 5 seconds? I have the same phone and it takes up to 15 to 20 seconds for me.
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