Sorry but I just can't see that as being a "design" to save the battery. I've owned not only tons of phones but also tons of electronics that run of lithium batteries and they DONT do that. It doesn't let it drain to 3.8 volts after its been charged. The charger is designed to MAINTAIN a full charge. Usually by letting it drop a few hundredths of a volt then bringing it back to a full charge. Not charge it and then if its not taken out at the perfect time then o well lets let it drop to 3.8 volts which btw on the Evo is only about 35-38% of battery power left. If that theory was correct then every lithium charger would do the same and it doesn't. The Evo and Incredible are the only two lithium powered devices I've ever heard or seen let the battery drop while it's on the charger still.
The charger can be designed however the manufacturer sees fit, which is why HTC provides the instructions for getting the battery to maximum charge before taking the phone out for the day. It proves that the battery can be charged to maximum capacity using the phone, but also that it's limited from continuously charging.
"Other" devices are absolutely irrelevant. It is fact that storing a Li+ battery at full charge reduces it's life; there's no debating that. The more times you charge them to maximum capacity also reduces the life of the battery. A manufacturer can choose to continuously charge the battery, however, so every charger
does not have to have the limiting properties, but most do from laptops to cordless power tools.
As for 3.8V being 35-38% of the charge for the Evo, that's ow it works. All electronic devices have an operating voltage range outside (both higher and lower) than the nominal voltage of a battery. It's just how they work. AA alkaline batters have a nominal voltage of 1.5V, but a new battery will have a charge of 1.65V. Most devices will operate with a combination of those batteries with their charge between 1.65 - 1.43V. Some are pickier, such as digital cameras where the low threshold is a bit higher which is why your camera might die, but you can throw the batteries in a remote control and it works fine. When batteries are "dead," their voltage is never 0. The voltage has merely dropped outside the operating range of the device.
No offense, but you say you don't know of any other devices that charge this way, but how many have you tested? How many of them have % readouts where you not only care to look closely at it and can quantify how it's actually charging/discharging. This is exactly what a "smart charger" is.
Now, that said, it's possible that for the Incredible and Evo, HTC is allowing the battery to fall further than other devices, but it's still by design nonetheless. It's also possible that the particular has a higher rate of self-discharge.
But your assertion that
ALL (or at least that it's the norm) Li+ charging systems constantly charge the battery is absolutely wrong.