1. Similar things happen to all smartphones. (They had videos showing them happening to many other smartphones.)
2. This isn't making lots of people return their iPhones. (Return rate ~ 1/3 that of 3GS at the same point in its life.)
3. The iPhone 4 does drop more calls than the 3GS, but by less than 1%. (Not clear whether that's 1% of all calls or 1% of calls dropped on the 3GS.)
4. They're going to give everyone a free case and refund everyone who's bought one from them.
5. They've got improvements coming up for the proximity-sensor problems some people have had.
6. That's about it.