So with No Lock, waking the phone is down to a one button push (any button on my OG Droid). The same thing went on with your Storm, you had to push something to wake up the phone. I am having trouble seeing the difference besides the size of the target that is available for you to push.
The Storm was/is able to accomplish that task because of the way the screen operates (as you well know, the whole screen physically moves), no other touch screen phone uses that technology and therefore I don't think you will be able get the exact same functionality. But as I said, with No Lock it's down to a one button push, it just goes about it differently and I am not aware of any way to change that basic element beyond what has been discussed here already.