Not sure if it a firmware improvement or I just finally figured it out...but the bluetooth connection persistence for geo-tagging off of my iPhone is better!
As long as I leave the image sync app
running on my iPhone it seems to stay connected even when turning the camera off and back on.
I tried it several times and it is better. The camera would go to sleep or the camera was turned off - this used to break the connection. After turning camera power back 'on' the geo-tag was still working (as I said if I leave the image sync app running in the background on the iPhone).
Previously, I had trouble keeping this connected even if the camera went to sleep.