Yeah, that Cisco 7961. The hook switch is known, possibly even notorious, for being 'sticky' after the phone has been in service for a while. Phone rings, you grab the handset and the phone carries on ringing.
One reason for having the hook switch engineered the way that it is that they needed a PCB at that point anyway. On that board there's a LED used as the 'message waiting' light. The LED connects to a light pipe in the cradle that shines onto another light pipe that goes all the way through the top of the handset. It actually works really well and is easy to spot.
There's, I suspect, quite a lot of DSP goodness hidden inside the Cisco branded chip and a fair bit of CPU grunt as it has to have the horsepower to run end-user 'enterprise' Java applications on the phone on top of all the basic IP phone stuff. The phone's firmware package, if unzipped, contains separate firmware for the DSP. The DSP side of things is used to handle the various voice, and in other models in the range, video codecs and to run the genuinely excellent hands-free capability of the phone. From memory the CPU is a MIPS 32 implementation. Oh and there's a 2 port ethernet switch built in as well so that your PC and phone can share a single wall socket.