Update on testing with my new Blueant V1x (iPhone 4, iOS 5.01):
Call quality - continues to be 'acceptable'. Not garbed for those on the other end. But certainly not on par with my Jawbone Era on my old iPhone 3, but 'acceptable'.
Range - this is another matter. I can put my phone down on my desk, walk out of my office out into our warehouse, easily 25-30 meters, including steel racking and drywall separating me from the iPhone. On par with any BT performance I've ever had. Happy camper.
'Microwave oven' test - interesting test. I can put the iPhone in the microwave, close the door, and the headset stays connected, no problem. If I try to make a call and then put the iPhone into the microwave, as soon as I close the door the call drops. Yeah, the microwave oven test isn't necessarily real-world conditions but it does highlight that the frequency of the BT signal isn't shielded whereas obviously the GSM signal is.
What is so interesting is that there is such a wide variation in performance from otherwise identical headsets. Some say their Jawbone Era's work well (mine won't). Some say the Blueants don't work for their iPhones, some say theirs do.
Nuts.
It's ashame that Apple doesn't care.