Actually, if you're using the 1.7.29 ROM you can do the following to hide the icons from your homescreen.
Menu --> Settings --> Personal --> Access Control
In the Access Control panel, you can pick and choose which app icons you want to hide off your homescreen. There are some apps that won't let you hide the icon though. Those icons you will have to put in a folder and put it in a lonely corner.
Hopefully this will be of some assistance to you and is the information you were looking for!