I have been struggling with this dog-turd 10.10.1 for several hours trying to get the wifi to work. It now does, but I may just vent a little by saying that I have had a guts full of Apple putting out overpriced substandard crap like this. I was totally Mac everything for many years but recently both Apple's politics and their nagging legacy and continuation of arrogance has really pushed me outside of the reality distortion field. This is a com pay with billions in the bank yet they a so pathetic that they cannot test their software prior to release. Sure it is hard to find and eradicate all bugs but the number of people having wifi problems is Yosemite is disgraceful and speaks of Apple's incompetence.
For all the other poor suckers out there who have also wasted considerable time (which I'm sure Apple won't pay recompense but would be happy to charge you $$$ to have their agents try to fix it) I will tell you what I did.
First, I went to my wifi and under Network...Advanced and renewed the DHCP, only to find that it was providing an address outside of my network range. So I set the IP4 setting to manual and entered a valid IP address (192.168.1.123 in my case) with subnet mask 255.255.255.0 and router 192.168.1.1, okayed that then Apply, and now the wifi is working again.
**** you Apple. The above and so many other annoyances in recent times are driving me back toward Microsoft. Windows 10 is becoming more appetizing by the day.