4GreenApples- we address it but don't try and diagnose anything. :)
mammmamia- I think some children show an obvious flair for something e.g.numbers but it's often too early to tell who will be great at anything like music and sport etc. children really blossom throughout the Reception year and I love seeing how much they change and grow in confidence.
MrsTeachy - thank you for your kind words, they are much appreciated.
BigFishy- I think it depends on the type of home ed you're offering. For me personally, it was always something I thought I wanted to do for my own D.C. but seeing how beneficial school is to children at this age (the personal, social and emotional side as well as the academics), I completely changed my mind.
GhostsToMonsoon- yes sometimes. You're right though, they do pick it up amazingly fast, faster than I thought possible until I saw it happen.
All activities are planned so that they challenge and extend the most able e.g. With the reading example you gave: the child recognizing a few words might play a phonics game during guided reading, where as a free reader might be working on comprehension skills.
Boglin- I wouldn't call anyone a favourite no. They are all lovely on their own individual merits. If there ever was a favourite, the parent would categorically not be told! I once told a parent that their child was working above age related expectations in maths and they interpreted that as 'the brightest child in the class' and was boasting to everyone that I said their child was better than anyone else's! 
What is your favourite gift to receive at the end of the year? - the thing I treasure most in a personal message in a card from a parent telling me how I've helped their child in some way or how much they've enjoyed being in my class. I've kept every card I've ever received and I look back on them sometimes, I love them.
stationthirteen - I love all the children I teach but I would say it's easiest to like those children who are keen to learn, keen to help and kind to others.
I also love a child with some spark. Some might call those children cheeky but they tend to have something very endearing about them!