Note: If this bug has been noted or this issue has been mentioned before, then close this thread.

I've been platying with my Nexus and I've found that if you create a folder by the folder creation method in ICS then remove the app that was used to create the folder, the first app that was there in the first place will disappear from the home screen in some time.

Maybe it's just me, I'm currently unlocked and rooted.