I think a lot of people here are confusing the issues
1. The Nexus is the ONLY phone that displays proper LTE signal anywhere in the OS. Android 2.3 does NOT support reporting LTE signal. All other phones JUST show the 4G icon when connected to 4G, but nothing else. Their signal strength bars are displaying CDMA strength. The Nexus is NOT displaying CDMA strength.
2. Unless you are ripping logcats from two Verizon devices, you do not have an accurate representation or understanding of comparative signal level. Just because you witness bars moving and dBM changing doesn't mean you have an accurate representation of what is going on.
3. The dropping 4G and being knocked down to 3G issue sounds exactly like the SIM authentication issues, and guess what, everybody is having them as every device succumbs to this every now and again. Yes, some more than others, and like the RAZR, this will have to be tweaked.
4. Verizon isn't giving you the "run around for a crappy radio". The radio is fine as far as 4G performance goes. CDMA/3G will probably need a little tweaking. Actually what everyone SHOULD be angry about is that, as of right now, the Nexus is MORE ACCURATELY displaying signal than every other LTE device, which is a GOOD thing. Verizon is going to change the bars to make them LESS accurate in order to compensate for other device's shortcomings.
Sigh...here we go with everyone hating Verizon again.