I'm having this problem too - but only at work, not at home. At home my connection is fine for hours and hours; at work it stops every half hour to an hour (seems worse when the wifi is "under load" - downloading a big file or whatever - but can happen at any time.)
The WiFi signal remains constant - nothing to show that there's anything wrong with it and MacOS doesn't seem to realise there's a problem. But everything that requires an internet connection - browser, email, IM, updates, whatever - all stop working. Turning WiFi off then on again fixes it, but it is very frustrating.