Software update did fix signal issue for alot ppl. Just because it didn't for some dont mean the nexus had bad signal.
I think it's very very safe to say that the GNex is still plagued with a less than stellar radio and/or antenna. Those that have had little in the way of problems are almost always those that don't live in fringe areas or areas where there's a lot of 3G>4G switching.
Having had both the Razr and the GNex (still have the GNex), there's no way I could objectively say the GNex reception was in the same league as the Razr. It just isn't.
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