I really don't see the problem here.
Maybe I'm more mature than most on here (which wouldn't be hard being honest), but Steve has demonstrated that other smartphones by other manufacturers have this issue if you grip them in a way that crushes the signal.
This is not unique to the iPhone 4. That's the first thing. That's the facts of the matter. Go ahead and moan, bitch, complain, cry, take a tantrum, stamp your feet, whatever ... hell, return your phone.
The next thing is that people need to accept that this issue isn't affecting every, single user.
Third, this whole thing HAS been blown out of proportion. As Steve said, it's like "X marks the point". The second it was pointed out you could touch it and make something happen, everyone began trying it.
I still don't know anyone who makes calls holding the phone like that. Deep within your palm, the pad of your thumb keeps the phone away from your face. While browsing the web, as a right handed person, I hold the phone in my left hand in the "death grip", so to use my right hand to navigate the device. While about about in a decent area where signal is strong, there's no drop in bars.
Sky News are being positive about this, bloke from Stuff magazine is on saying the iPhone is a superb device, the Sky presenter is trying to make the bars drop LIVE on television, and they won't. And that's inside a studio.
People will no now doubt quote me, attempt to ridicule me, and I hope you have fun venting, I won't be watching ...
WeegieMac has left the building.