Android 2.1-update1 issue with Launcher

Got a Nexus One recently, and after adding apps, I found that the app labels in the App Launcher were misaligned to the right.  The way to fix this is to go into Settings -> Applications -> Manage Applications.  Then filter the listing by running apps.  Scroll down to Launcher, and clear its cache and do a force stop.  Alternatively, shut down the phone and power it on.