News is circulating of reports that the iOS 4.2 update (scheduled for today, alledgedly) could be delayed because of a bug found in the gold master (GM) build.

Some are reporting that Apple feel the bug is significant enough to hold off the main release a little longer while they fix it. The bug involves WiFi connection issues that have been found by developers who are currently running iOS 4.2 GM on the iPad.

“Basically, even if the iPad manages to successfully connect to a local network, the connection is lost after a few minutes,” MacStories states. “This seems to be the most common problem among users, although some can’t simply use Safari at all.”

Some developers are reporting the same issue affecting their iPhones with the GM version. Below is a video showing the bug.

Many are hoping that because these reports started appearing on the Apple developer forums early after the GM release that they may be close to a fix already and this won’t affect how long it is until we see 4.2 released. Also, many tweets have appeared highlighting this issue. However, even if they have fixed it, it is expected there will be a week or so of testing it before we do get our hands on it. Some have estimated it may be another two weeks before we see a final version.

I checked the developer site early this morning, and it is still the initial release from November 1st.

I have had this issue with my iPad, and because I only have the WiFi version, it means my iPad isn’t as useful as it usually is. This is something that all developers will be aware of. When we download and install these builds, there are always potential issues that surface.

A few sites are reporting that the delay could be as short as a release on November 16th.

Article Via TUAW