Mike I had the same issue with my button protruding and the led sticking way out on my silver buzz. I've since sold it and am thinking of buying another one. Is there anyway we can make sure we don't get one like this? It really does hurt the finger or thumb you use to press the button. By the way, I did try and push the led back in as suggested but it didn't work.
Harpo the NEW units use a rubber button ( Like the original design ) and it sticks out further than the Black buttons , we recess the LED in a bit further also .
This applies to the all except the red and gold ones they are the older design.