Hard reset=factory reset?
I stopped by the local Verizon outlet today to take a look at a Razr. The salesman stated that he didn't care for the phone because it didn't have a removable battery. We discussed that briefly and in the course of that discussion he told me that the hard reset feature on the Razr (power+vol. down) would not only power down the phone but would also do a factory reset and delete all user data.
Now, this didn't sound right to me but I figured I'd throw it out here and make sure. Any truth to this or is this the BS I think it is?