If you are looking to wipe the device then do the following after you do a back up first.
Options>security options> General options>menu button>wipe handheld. After this you may need to re-program your device - per carrier and re-send service books.
Book are done by going to options>advanced options>host rougting tables>menu button>register now
�ou can also use slt+right cap+del instead of a battery pull
Posted from my CrackBerry at wapforums.crackberry.com
Once its starts to fire back up(screen lights back up with hour glass), do that a second time and thats considered a hard reset. If you only do it once, then its considered a soft reset.
Details
Resetting the BlackBerry device is a useful way to resolve issues and is usually the first step in troubleshooting the BlackBerry device. Knowing the differences between a hard, soft, and master reset ensures that the correct troubleshooting method has been chosen.
Note: Backup all applications before resetting the BlackBerry device using the Backup and Restore tool on the BlackBerry Desktop Manager.
Performing a soft reset on the BlackBerry device
Performing a soft reset stops all applications on the BlackBerry device by pressing the ALT-CAP-DELETE keys. A soft reset re-establishes communication between the BlackBerry device and the computer.
Note: This does not apply to the BlackBerry� Pearl™ smartphone.
Performing a hard reset on the BlackBerry device
The first step in troubleshooting a network, software or hardware error is often to perform a hard reset. With Java� based devices, this is accomplished by removing the battery. A hard reset on a C++ based device is accomplished by pressing the Reset button.
Performing a master reset
The master reset feature is not available on the BlackBerry device and is only applicable to selected manufacturer devices. A master reset removes all user-installed applications and data, including BlackBerry Connect software. For more about master resets, contact your service provider.