Yes the device will return to the way it was when it was taken out of the box. The question is which is more important: a working home button or having to set up everything again with streaming servers. The only thing you should need to reset is the remote, it's not going to reset the CCwGTV device, if that's what you mean by servers, just the remote. You will need to re-pair it with the tv, speakers or whatever.
If it's under warranty or you have to buy a new one because it's found it was broken by fall or something you'll still have to set up the devices again. If a factory reset works, you've saved money and waiting.
