The rumors are wrong. The Steve Jobs Twitter account is fake which ‘announced’ this. So everybody who thinks this will happen, sorry to burst your bubble. Any issues that are in the current iPhone 4 models will hopefully be fixed to some extent via software updates, but a recall hasn’t been announced by Apple. We don’t think that’s possible anyhow.
The issues that have become so popular include Display Discoloration, Antenna Band ‘death grip’ issues, call drops due to proximity sensor and much more. Display discoloration goes away in a few days, while Apple might provide an iOS 4.0.1 update on Monday to fix the antenna band issues to some extent. The proximity sensor sensitivity could also be tweaked in the software update if released.
Stay tuned for more on this!