I don't think it's that simple, Tom, because feedback in this thread is actually showing a multitude of differing symptoms. This includes failure to even identify an available Wifi network as you have described, but also identifying the network and failing to connect, indicating that a connection has been struck but refusing to pass any data over it, poor performance, and random disconnections.
What is even more curious is the murkiness around the root cause:
- Most have naturally assumed that the upgrade to iOS 4.2.1 has caused all of these issues, but there are dissenting opinions from people who have experienced problems with older iOS versions.
- When I first joined this thread I got the impression that the problems affected only the iPhone 3G, but I have major connectivity problems with both my 3GS and my iPad.
- Some are suggesting that a hardware fault in the antenna soldering is to blame, but this seems unlikely given that the problems appear to be occurring on a variety of devices (i.e. differing iPhone generations + the iPad).
- Although problems are widespread they are probably still only affecting a minority of users are we haven't seen a huge public outcry yet.
I am personally tending towards thinking that there may be multiple issues affecting connectivity on iOS devices, with individual users being affected by one of them, more than one of them, or none of them, depending on their particular device, iOS version, and network configuration. This needs some serious investigation.