Agreed. I rarely use FT on my phone (it's not a smart phone, so I'm just using the Opera Mini browser), but when I have, I've found it strange that there isn't a "go to first unread post" (like is available on the standard HTML version). Don't know if mobile browsers don't like anchors or what, but it seems strange.
I'll have to play around with the wireless version a bit more to see what else should be changed, but this seems like a major and important improvement that should be done ASAP.