Macstories has a post today detailing a method of throwing Newsstand into a folder on iOS devices if you never use that capability. They verified that it works, and I've now done this on my iPhone 5. I use Newsstand sparingly on the iPad, and have no problem with it being there on my home screen. I find Newsstand to be absurd on my iPhone and am happy it's gone. Thanks to Cydia developer Filippo Bigarella for devising this easy fix.

This issue brings up a larger point, and that's the inability to rid yourself of Apple's preinstalled apps and services. It's great that new iOS devices come with some apps from the factory. It gives new users an opportunity to explore the capabilities of the device. It would really be nice if Apple would trust it's users enough to delete some of the non-critical apps or services like Newsstand or Game Center. I'm not going to hold my breath.