i experienced first time the wifi connection issue yesterday. i was using a wpa personal protected network, when suddenly the connection dropped. airport still showed that i'm connected to the network, but no webpage loaded, ping wasn't working. i restarted my mbp 13, middle 2009, clean lion install, shutdown/restart, nothing helped. then suddenly the network reappeared and the pages were loading.
after my mbp has awaken from sleep, once again, connected, but no traffic. i tried everything, restart, shutdown/restart, wifi on/off, restarting router, hardwired net... nothing. as i noticed the problem was, that i didn't received a correct ip, gateway adress from router. renewing the dhcp lease didn't help, i still got the wrong settings from router with wifi, and hardwired too. i tried to set the ip, gateway, subnet mask manually, but it didn't help.
i was getting quite nervous so i tried the one thing that broke the network, sleep/wake, and behold the net was ok on wifi.
today i could connect to my work network (wep) without any problem.
i coludn't think of any reasonable answer for the problem... it wasn't only a wifi issue, cause i had the same problem with a wired network (same router as wifi). airport was seeing other wifi hotspot so airport was working, i could connect to my home network, but there was no data traffic (web pages not loading, update not working).
i hope this isn't going to happen again, i'm waiting for the software update.