Please refer to my post below of how i resolved my connectivity issue
In short: Netgear Prosafe WAP Wg102 : I had to downgrade firmware V5.03 to V5.01 and everything back to normal.
Netgear is aware of the connectivity issue with IOS6 and are in the process of writing a firmware for the device.
As a poster commented after my solution, these issues may not entirely be an APPLE fault, it could be firmware frmo your WiFi vendor which they sent to APPLE before they rolled out IOS6 which was buggy, hence having to "roll back" firmware.
Good Luck everyone