Firmware v2.23 is far and away better than the older firmware, but still, once or twice a week, the device will fail. The symptoms:
1. WiFi is still connected, but any data I/O simply hangs.
2. vz.hotspot responds, and shows the connection state correctly, except that it is "dormant."
Hitting "Disconnect" waiting and then hitting "connect" works around the problem and brings the connection back up.
The "dormant" state is not sufficient to identify this problem - the mifi connection is often dormant, but when you start doing something, it typically "un-dormants" itself and operates normally. Only sometimes - once or twice a week for me - does it wind up in a state of semi-permanent dormancy.