There is no reception issue?  I absolutely love my iPhone 4 but we can easily reproduce this reception issue on my phone to the point where data is cut off and calls drop.  Am I crazy?  How about those 80,000 people on YouTube or the majority in the MacRumors poll? So I’m wondering if Steve Jobs is invoking the Distortion field for this one.  Sadly, it reminds me of this:

Until now, the Apple party line has been: Gripping any phone will result in some attenuation of its antenna performance, with certain places being worse than others depending on the placement of the antennas. This is a fact of life for every wireless phone. If you ever experience this on your iPhone 4, avoid gripping it in the lower left corner in a way that covers both sides of the black strip in the metal band, or simply use one of many available cases. I’m really hoping that Jobs is talking in future-speak and a baseband update comes out next week that makes this all go away.