My reception? No problem. Great. As good if not better than my last 3 Motorola phones.
I love my Note 2 and think it is the best phone I have ever had but can say that while the reception is very good on the GN2, it is without question not as strong as my Droid or DroidX. Verizon's signal can be found virtually everywhere and it is hard to find a place where you cannot receive it. I live in a high rise building with plenty of concrete and steel. There is one place in my apartment which is shielded to a greater extent from the VZW signal than the rest of the apartment. I can tell you for certain that in that spot (which unfortunately is my bedroom where I spend a lot of time) I cannot receive or make a single call on my Note 2 but can do both without any problems whatsoever on my Droid and DroidX. I have not had any problem getting and receiving calls anywhere else I've been with my Note 2 so I don't consider this a big problem but if you want real world proof of the answer to this question rather than try to depend on the accuracy of the meter readings or number of bars shown on different phones this is it.