Finally, after seeing a number of people have the issue with Honeycomb and the click sounds looping, I was able to reproduce. And since I could now reproduce it, I could fix it and verify it. So, there is now version 4.2.1 available in the Android Marketplace which addresses this annoyance.
I’m sorry that it took so very long to resolve this, but truth be told, I switched back to using an iPhone for my personal usage this past spring. On the other hand, that means I’m going full bore to port this over to that platform! It shouldn’t be too much longer before that sees its first release.