after fighting the issue with losing calls after about 5 mins of talking on the phone, i have given up on the nexus. I love this phone but if i cannot use this phone in it's most critical task then it is useless to me. After speaking to a CSR today she told me that their are several people in my boat and unfortunately she does not know for sure when a fix will be in place. She said that they were hoping to have it resolved by March by a OTA fix, but as of right now there is no firm date.
Fortunately for me she offered me to switch out to a equal competitor phone which i thought was fair and i accepted. If you are one of the lucky ones that have no issues with reception then consider yourself blessed!