I'm at work now and can report that my phone with 2.01 is smarter about letting go of a very weak 3G signal and going to EDGE when needed to keep data flowing. It's an obvious difference.
I have not experienced reduced signal. But clearly some have. That is strange. It's hard to understand why that would be, but I certainly believe the reports. Maybe AT&T needs to upload some new software to their towers to go with the Apple update, and they have not finished yet. Or maybe the Apple update works better with some tower frequencies than others, and in my area we have the "good" frequencies.
Who knows. I do know that cell phone signal strength and reliability has as much to do with the software as the antennas, because there's a whole lot going on with "handshaking" and all that.
In any case, I'm happy mine is working better but I hope AT&T and Apple get the kinks worked out soon so we can all enjoy the phone.
It is comforting to know that I own what is undoubtedly the best-supported piece of phone hardware on the planet. Apple will update this phone until it's perfect. With a Windows Mobile phone, you'd be lucky if the manufacturer issued one firmware update before they give up and call it obsolete.