If a reset won't fix that, ask for another phone. I had a launch-day phone that drove me nuts. This past Friday, I got a replacement. The two phones are like night and day. Now i am no longer jealous of my wife's Bionic which also works great. I have a consistent 4G signal now, whereas my first Bionic could hardly ever get 4G. I don't even have the update installed yet, BTW.
It really is amazing the difference a couple hardware revisions can make, isn't it? Unfortunately, the people most likely to notice and be vocal about the issues they're experiencing are the same ones going out and buying phones on launch day. This is precisely the reason I bought a BIONIC now and am not picking up the Nexus when it is finally released on Verizon. I'm sure the Nexus
will be a great phone, but look what problems the "early adopters" of the technology are experiencing. Just not worth it, IMO.
On a BIONIC related note, halfway through the first battery cycle after the update and I would subjectively say that battery life has improved a good bit. Also, I notice that with headphones on, when you are navigating through menus, you can hear clicks and pops (not the ones you're supposed to hear). The whine, however, is completely gone. I wonder kind of software problem causes the whine/pop issues? The nature of the problem really seemed like it would be hardware related.