Hi folks,
Here's the thing. There might be some software related issues in the case of a couple of phones but it appears that hardware issues affects a large (if not most) of them. The hardware issue is basically related to the fact that the soldering of the chip is bad and doesn't connect it properly to the board anymore. Maybe your phone used to work ok-ish before the iOS update but the new version has brought more strigent checks that basically disable the wifi altogether if something is abnormal, hence why it looks like iOS 6 killed it.
How can you fix your phone? The "easiest" fix is the hairdryer one, which has been discussed several times in this forum. However, this is likely not going to last because the chances that you actually melt the soldering and that the wifi chip falls back exactly where it's supposed to be are rather slim. It might work if the chip was only a little bit loose but overall it's a bit like doing the rain dance. The actual fix is to open up the phone and properly resolder the chip where it belongs. In this case, the odds of success are much higher. Apparently there are a few versions/quality grades (A, B, C, D, E) of the hardware and some are more likely to brake than others as well as being fixable.
As most of you, I don't have the time/tools/experience/knowledge to actually perform the repair. I found a guy (here in the UK) that could do it and he's really good. Mine works well now. There are odds that it won't last forever because of the quality grade, but if it goes beyond two weeks, I should be ok.
So my advice is look for a good and trusted repair guy!