For all of those complaining that this thread is being hijacked by reception comments: iphone 4 and the reception issue go hand-in-hand. You can't have a discussion about one without the other. It's a hot topic right now.
Reminds me of...when George W Bush would do something seemingly popular (like pardon a turkey on Thanksgiving), many on the left would say "Why doesn't he pardon all those innocent Iraqis dying in the unjust war??! Bush lies!!" (note: I don't intend to turn this into a political thread!!)
Right now, given the press dedicated to it, it's hard to think about the iphone when it, um, can't make a phone call when you hold it your hand.
Are you high, or retarded?