Since I psoted my last comments I have tired auto 20/40 and it seems stable on the high channel. But I can't tell the connection speed and until I get may MacBook back I won't know if it's using 20 or 49 for the connection. iOS doesn't give these details.
I Also realized I had my 2.4GHZ on 40Mhz, so even if your having issues with a 2.4Ghz router you may want to try manulay setting it to 20Mhz and it should help.
TThe sad part is that the newer phones and iPads do have 2 wifi antenas to use 40mhz bandwidth.
I Wonder if it's some kind of power savings setting apple has turned on since it does connect at first, then drops off. Maybe they are trying to make it default to 20Mhz when it's not being used heavily but then fails and drops the wifi completely.
SInce i I moved my 2.4 and 5Ghz to 20 they have been stable over the last few hours On both the asus and netgear router.
its a shame we may have to figure out the specifics of the issue before apple fixes this, but if it means they fix it faster then I'm willing to test but others need to test and report back the detail also..
RE: Prowles, since I've found 17 other thread with the same issue being reported I don't think it's the phone. But you can have the Genius Bar swap out the phone if you think it will help. As for the Zag just keep the screen. remove it from the old phone and put it on a blank piece of paper and keep it. Find an authorized zag dealer or kios and your local mall and they will install a new shield on the new phone for a six dollar install fee.
If you have the receipt and it's within the last 30 days then you won't be charged an install fee. A close friend of mine owns a Zagg kios so I have learned this from him over the years.