Settings icon goes back to the home screen

I posted this as well in the enterprise sections, but wasn't sure....
Everything runs fine, other than the settings icon.   when i click on it, it briefly shows the settings and then closes and returns me to the home screen.  I've tried re-boots (cancelling all apps), hard re-boots.  and still the same thing.   Other than backup and restore, has anyone come across this behavior?

Yes, I have had this happening frequently on my iPad as well.
The battery gauge has also a weird behavior.
Hopefully the release of iOS 5.0.2 (or iOS 5.1) will fix these bugs!

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