For some reason beyond my comprehension, the moment you click the missed call, it starts dialing it!!! Not something you want when the call is apparently from VIETNAM!
So far, I have not found a way to clear out the missed call notification without dialing the number of the call you missed.
I have tried ignoring the missed call and go into my call log, but that won't clear it out. The only thing I can do is click the missed call notification, and start clicking 'end call' feverishly until it hangs up. If there is a way to learn about missed calls or clear the notification with out returning the call, it is not remotely obvious, which is a fail as well.
This is an unacceptable and unreasonable lack of functionality, Palm.
Some of my fellow bloggers gave some good advice on handling this. Catherine Gouge has a nice blog on all of the notifications (Notifications: The Good, The Bad, and The Pretty), and Jamduke reiterated that you can remove a notification by swiping it to the right.
I still wish there was a choice to call a missed call, or any call listing for that matter, rather than having it automatically start calling.