Yes, turning off bluetooth works for me.
But I hope Apple can fix this, because in my opinion this is only a temporary solution, because the MacBook air is a brandnew machine.
I don't think that this problem is an hardware issue, because my old macbook white (2007) has the same problem.
I have updated from 10.6.8 to Lion - and now this old macbook has the same issue (after standby no automatically connection of WiFi).
So it seems, that Lion causes the problem.
For the moment the solution of turning bluetooth off works for me.
If I have to use the Magic Mouse and the BT-keyboard, I turn wifi on.
Strangly, if I have turnded on both devices (BT Mouse and Keyboard), the automatically connection of Wifi after standby works.
But If I turn both devices off, and I keep bluetooth on the MacBook Air switched on, resuming to the WiFi-netwoirk does not work.
I also have to add, that you can check if WiFi works.
You can start the MacBook Air, and after start-procedure the login-screen of Lion appears.
So, and if WiFi doesn't work properly, the Wifi-Symbol (AirPort-Symbol) is idle (light-grey).
But if I turn bluetooth off, and start the MacBook Air again, I have full-WLan already if the login-screen appears (symbol of airport is black and bold).
And I have also already access to the WiFi-netzwork, of I have bluetooth turned on, and I use the magic-Mouse and the keyboard. But if I use only the magic-mouse, I have Wifi-trouble, too.
So far...