When you take into account what the likely real number of affected people is, then yes, it's overhyped. They've sold 3 million units already. If this was a case that affected even 10% of customers, reports would be even more widespread than they are now. It is being hyped as if it affects all customers all the time.

The issue is a significant one - for those people affected by it. The same issue, though not by touching the antenna directly, affects other phones from other manufacturers.

I'd still rather have an iPhone 4 than anything from HTC. And I'd rather have anything from HTC more than just about anything else by a wide margin. I wouldn't touch a phone by Motorola. Nokia now makes pretty much only disposable phones, everything out of Korea is crap, etc.