"We've been working our butts off for the last 22 days and here's what we know about the problem..." Reminds me of BP's response to the oil spill.
"Do we have a fix? No, not really, but here's a bunch of evidence that says it's not our fault and it's not that big of a problem". HMMM?
Anyway, at this point the trick is that they made compromises for the design. Is the design going to change? No Probably not. The phone is not defective, merely flawed. Are there "fixes" yes, but it requires the user to change their habits, utilize a bumper/ skin/ case or downgrade their service and use edge networking.
Is that satisfactory? For some. I don't have to use a "monkey paw death grip" per se but I admit, I hold the phone cupped in the palm of my hand like your "not supposed to". I use my thumb to navigate apps most of the time, which is clearly how the device was intended to be used; cupped in the palm of your hand, stable and navigated with the thumb. Using two hands to use the Iphone is silly and holding it in my finger tips forces me to 1) use two hands and 2) look like a girl when use it. Could be a problem.
I do use skins so that will probably help. Am I ok with edge for most things? Yeah, not a heavy bandwidth user and I still have a 1G iphone so not a real disappointment, hopefully I won't have too, but I'll have a better battery life anyway. The processor is much faster, the camera is way better, the screens kicks ass, facetime is great for the family and i get GPS, and motion sensors too.
I look forward to upgrading just so I can assess the problem from my own anecdotal experience. I think this is much less of a problem than it's being publicized as. I doubt Apple's covering anything up and given their ethos it sounds like Apple made compromises and somewhat "dictatorial" decisions to make it a better device as a whole. Pretty typical of them and this time their arrogance bit them in the ass.
Competitors got wind of the short comings and used it to their advantage. What's the only attack point in Apple's iphone armor? Obviously it's not the screen, the apps, not the design or the battery life or the processor or the OS or anything else you can think of. It's the antenna and now they've got some work to do cleaning up their previously untarnished image.
I like Apple products because I like their balance in product design, so I'll probably enjoy the new iphone despite the compromise to the antenna. Everything else is top notch. Next time though Apple, don't be so arrogant to assume people will change their habits for you and don't ever underestimate the medias fascination with building someone up just so they can take you down.