Apple has just released iOS 4.0.1 to address the signal reception problem. This is somewhat in relation to the antenna death-grip problem on the iPhone 4.0. What Apple claimed this software update would do is "The iOS 4.0.1 Software Update improves the formula to determine how many bars of signal strength to display on iPhone 4, iPhone 3GS, and iPhone 3G. The real signal strength remains the same, but the bars on iPhone will indicate it more precisely." Another thing that this update would fix is the Exchange bug which is affecting mostly enterprise users.
Steve Jobs, who came back early from his Hawaiian vacation announced that Apple would give away free bumper case to help fix the antenna death grip problem until Sept 30. Those who bought bumper cases earlier to fix this issue would be refunded. For customers that are still unhappy about the bumper case fix, Apple will fully refund them within 30 days of purchase provided that the iPhone 4.0 is undamaged (of course!).
Meanwhile, we can expect that Apple's engineers are working their butts off to get a more permanent fix out. It's probably a combination of hardware and software problem. On another note, Jobs also mentioned that they are tracking some problems with the proximity sensor and that the next update would fix that. Not sure what that problem is, but if you know, do let us know!
Despite the antenna death grip problem that has recently plagued Apple's new iPhone 4.0, Jobs still insists that "the data supports the fact that iPhone 4 is the best smartphone in the world."
Would you still agree with Steve on this fact?
Meanwhile, these are the videos from the press conference in 4 parts:
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