Hi all,
I'd like to follow-up on this Atheros/Broadcom card observation, which I can indeed confirm here and which so far seems to be the most promising lead that's come up in this 27-page discussion.
I've just upgraded our home iMac (late 2009, 3.06 GHz Intel Core 2 Duo) from Snow Leopard to Lion (Mac OS X Lion 10.7 (11A511)), and this right away started causing reccurring wifi interruptions (our wifi net had until then been perfectly stable for over a year, so the cause is clearly the Lion upgrade). The iMac has an Atheros card (Atheros 9280: 4.0.55.4-P2P) in it. The interruptions affect other Macs on the net that are running either Snow Leopard or other version of Mac OSX, and to correct the problem, one must somehow restart or fiddle with wifi settings in network config on the iMac/Atheros that's running Lion, but the interruption happens again within hours, sometimes minutes. So there's clearly something about how this iMac, under Lion, regularly communicates with the wifi router that kills it or makes it hang.
Interesting thing is that I also just got a brand new mid-2011 MacBook Air, pre-installed with Lion (11A2063), sporting a Broadcom wifi card (BCM43xx 1.0(5.100.98.75.8)). If I disconnect the iMac/Atheros from our wifi net (turn wifi off), leaving only the MBA/Broadcom/Lion on the net, the net seems ok.
So to be clear, this suggests that the issue is linked to the combination of Lion(11A511)/Atheros (9280: 4.0.55.4-P2P), but doesn't happen with Lion(11A2063)/Broadcom-BCM43xx 1.0(5.100.98.75.8). Which apparently fits the patterns noted by nbooradley23.
Hope this helps someone at Apple to accelerate the fix...
Good luck to all, and despite the frustrations here, let's not forget to put things in perspective: could be worse, imagine if we were using Vista... ;-)