Lawrence,
My 4 and 3G never suffered the WiFi disabled issue with any version of iOS they ran (I didn't install 6.x on my 4 yet) and I have yet to see it mentioned about any device older than the 4S, which for the record was released 10/7/2011 (a year, 5 months and 13 days) ago 🙂
As regards the WiFi chip overheating, I agree that is possible. Said device uses a BCM4330 for WiFi and BT, vs BCM4329 in the 4. A little searching reveals whilst the 4330 is in use in other non Apple devices, there doesn't seem to be any report of the chip overheating, though there may be other factors in the design and / or the processing load that iOS 6 places upon it that contribute to it doing so.
I doubt the replacement 4S handsets Apple is handing out are in any way different hardware-wise (posts suggest they're just handing out 5.1.1'd 4Ss) so with the same hardware/software combo it's probably just going to happen again when people update to 6. Is it right to say nothing on it and keep selling them?