I also see that this home+select combination does not work at all times, because as you press and hold home, occasionally you enter its speed menu before you hit select.
It seems that's because Long Home is registered still upon pressing - not after release (when no other button is pressed), which would solve the problem.
This means that in order to pause you may happen to need two hands and focus on the screen.
Even except for plugins, which can be treated as an extra, I think that if in order to pause for sure you had to press and hold home (which would surely lead you to wps) and then pause, also access to all the other transport functions, like rewind and ff, next and previous track - without the necessity of taking the player out of your pocket (or unclipping) to look at the screen.
Just for the consideration of the Developers. I am aware that there are different purposes of using a player (like audiobook vs music) and different habits.
Any comments?