Could have something to do with the baseband not responding correctly to the drop in signal. Baseband can be calibrated using software so I think that's what he is referring to.
I do believe this is a SW issue. I am no engineer, far from it; I did however play with the "enable 3G" settings this AM, and after having it switched to OFF for some time, i.e using EDGE only for a couple of minutes, and switching it back to on, I noticed the following behaviour; (Wi-Fi was off)
- Giving it the "grip of death" while 3G was set to OFF, did result in reception decrease, not loss, and data continued functioning, obviously slower;
- Switching 3G back to ON resulted in a very slight (1-2 bar loss) reception decrease, however no complete loss at all, data continued functioning throughout data session.
I did not move from where I was sitting during testing, so I assume I kept using the same AT&T tower the entire time. My iPhone 4 has since then not had any reception issues no matter how I hold it, so folks, I believe there is hope and this may be fixed by a SW update.