Ok, thats not an exact quote.  Here is the quote:

“Our findings call into question the recent claim by Applethat the iPhone 4’s signal-strength issues were largely an optical illusion caused by faulty software that “mistakenly displays 2 more bars than it should for a given signal strength.”

Consumer Reports still says the iPhone is the best smartphone on the market, but…

“We don’t believe that consumers should pay extra money to fix the problem,” Mr. Gikas said. “We think either Apple should supply free cases for the phone or come up with another solution. That’s why we are not recommending the iPhone 4.”

This video explains it all in typical Woot! fashion: