It appears the way you hold the phone also affects the reception. The "right" way to hold it is to use your fingers - thumb on one side of the phone and other fingers on the other side of the phone and DON'T let the phone rest on your palm. If you let the phone rest on your palm, the signal strength seems to drop by about 5 dBm. You can make the holding a little bit more comfortable by putting your index finger on the back of the phone, but still make sure the phone doesn't rest in your palm. iPhone 4 had this issue (they call it the "death grip"), may be Incredible 2 also has the same problem only not as bad.
