I'm still waiting for Apple to send me an RMA.
In the meantime, I did some more testing of the iP4's behavior at higher signal strengths. I tried the death grip on the phone when I had signal levels (without case and without holding phone) higher than about -91 dBm. I could not cause a loss of signal strength with my hand for any of the following signal levels (in dBm):
-85, -83, -81, -77, -61
For starting values below about -91 dBm, the signal level always plummeted to -113 to -109 dBm. The threshold between the two situations (susceptible to hand and not) seems to vary. Sometimes -87 dBm was solid, other times it was lower or higher.
So, this would seem to indicate one or more effects happening:
1) There is a saturation effect, wherein whatever is causing the detuning in your hand (water, proteins) can be saturated for sufficient power levels. In other words, when the microwave power is high enough, your hand becomes "transparent" to the phone. Here's an old example of this effect with ammonia (accessible through most universities):
http://prola.aps.org/abstract/PR/v73/i9/p1053_1
The crux of what I'm referring to (the x,y scales will of course be different for different molecules and frequencies) can be seen here:
View attachment 237818
2) Another possibility is that the iP4 has some software algorithm that can adapt the matching network in the GSM/UMTS module when interference is present. However, perhaps it only works well at sufficient signal strengths. If this is true, then the problem may be ameliorated by modifying said algorithm.
The point to take home is that in addition to the weird signal-to-bar mapping, the reason for such wildly varying experiences is that
above a certain power level there is no signal loss with the death grip. Hmm.