I just got off the phone with an Apple support rep. He pretty much said that it was discovered recently and people have begun reporting it since yesterday. He also said "frankly that's why the bumpers were released." I said "...so this is an issue you guys knew would happen?" and he replied "No, we didn't expect it to happen to all our customers..." It didn't make much sense to me and it sounds to me like they had an idea this "might" happen, which is just very disappointing.
He transfered me up to a supervisor who asked me some questions and tried to call me on it - and about 25 seconds after he called and I picked up the call dropped. On my iPhone 3G, I wouldn't have these kind of problems at work. At my office (where I'm at right now), I'd get 4-5 bars of 3G and things would be fine (though there are parts of this office that it drops, I'm in a good spot). On the iPhone 4, where I'm sitting right now, I'm getting between 3-4 bars of 3G service when I'm not holding the phone, and the minute I pick it up and hold it (I'm one that uses his left hand to hold the phone and right hand to swipe, and hold the phone to my ear with my left hand) the signal drops almost immedately and I lose my call (or data speeds drop major, depending on what I'm trying to do). He's going to forward all of this to the engineering department and between all the reports he said they will work on a permanent fix but as a temporary solution I should look into some kind of case. I did plan to eventually get a case, though not a bumper (I had a CapsuleRebel by SwitchEasy on my 3G and loved it. Wanted to wait for them to release an iPhone 4 case).
Overall while the first guy was...interesting, the supervisor was courtious and friendly, and gave me his contact information and said he would keep in touch with me as reports come in and he talks to Engineering. I told him that I hope we can come up with a permanent solution within my 30 day return policy, because I have no problems going back to my 3G for now or looking into an Android device. And if a 'bumper' or case is the temporary solution (at least he acknowledged it was a temporary solution), then Apple should send me one.
Ugh, frustrating. Various sources around the web are saying that not "every" phone is affected, so perhaps this is just a manufacturing flaw with this first patch of phones and not a major design flaw. Though anyone with limited knowledge of how antennas and reception work could've easily spotted this...
I'll keep you guys updated, and hope that you all will call Apple and let them know if you are experiencing this issue.
EDIT: The supervisor called me back. He suggested that I go get a new phone from my local Apple Store. He setup the appointment for me and everything and said "check the new phone out for the weekend and I'll call you back on Monday to see whats happening." He also said that if the new phone gives me any problems, he'll send me the bumper case free as a temporary fix until a better solution comes along. All in all I can't say i'm unhappy with Apple support so far, though it's a shame this is even an issue in the first place and I personally am not convinced yet that it's isolated to just a few phones.