Well I'm thoroughly frustrated again. I logged a ticket with Verizon last thursday night that was escalated to the systems/network engineering team. Called back tonight to get the status and they closed it out saying the coverage in my area is weak. Makes absolutely no sense since I've lived here over 5 years and have gone thru a Motorola Razr, Palm Centro, HTC Touch Pro 2, Droid 2, Droid 2 Global, and Droid 3 all without any issues in this area. The fact that the phone thinks there is No Sim and that the signal drops the millisecond after I hit send in a text or talk to place a call screams of a software/firmware issue. I just wish Verizon would acknowledge it. The rep on the phone looked into all of the tech-bulletins again (aka known issues with the phone) and this still has not made the list. He found that there were some software updates tentatively planned for Sept/Oct timeframe but I'm not sure I'm willing to wait that long for a fix.
BTW I tried sending this to droid-life.com as a news tip and never heard anything back, maybe if we all pile on to endgadget together we can make some headway. I may also take some videos (Already have screenshots) to demonstrate the issue and post to youtube.
If it wasn't for this one damn problem this would be the perfect phone for me!!