Wonder what Steve has to say about this...

[SnoDrtRider]

SEATTLE - Consumer Reports says the iPhone 4 has reception problems caused by its antenna design.
After the iPhone 4 went on sale in June, buyers started complaining that holding the gadget a certain way could cause calls to drop.
Click for Consumer Reports conclusions
Apple has said that any phone will lose signal strength when gripped in certain ways. It said the iPhone 4 seems to show a larger drop because it has been using a faulty formula to decide how many signal bars to show.
But Consumer Reports says it tested several phones that use AT&T Inc.'s network, and only the iPhone 4 seemed to have the reception issue.
Consumer Reports says the iPhone 4 will not be marked "recommended" on its updated smart phone ratings list because of this problem.

Source: Consumer Reports won't recommend iPhone 4; cites antenna design flaw - pressofAtlanticCity.com