Well, Apple is having a conference about iPhone 4 issues today. Coincidentally, I got mine today. If I squeeze the hell out of it, I can slowly drop from 5 to 4 to 3 bars, but no further. And when I hold it how I normally do, it doesn't drop at all. So I guess I just hold it the "right" way or got a "good" model.
Apple is giving free bumpers to every iPhone 4 customer. And a refund to every one who bought one before today. I think that's a definite good thing to do. ASSCLOWN, get your refund
