People here are morons. With the announcement of this press conference, Apple is obviously going to address the antenna issue. They waited this long without acknowledging it because they had to do tests to see if this was hardware or software related. Since they are calling a press conference, it is most likely hardware related. Of course they wouldn't comment on this issue before doing their own tests first. They are holding the press conference because that makes a much better statement then just issuing a press release. At the press conference, they will most likely explain the reason for the reception issue and probably offer to replace any affected phones. It won't really cost them anything because any phone replaced will be fixed and sent back out as a refurbished unit. I for one think Apple is doing the right thing here. It is stupid to admit there is an issue until you do tests first to find the cause. Otherwise you will just cause mass panic among the consumers. Apple has a long history of fixing issues and restoring faith in their customers. That's why we keep coming back right? I for one do not have any issue with my phone, but rest assured, those with issues will probably have their phone replaced because Apple is a great company.