WIFI working but the icon reports that it isn't connected on the toolbar.
After installing Mountain Lion...
This is very odd but WIFI is working fine even though the toolbar icon is reporting Alert: No Internet Connection. When you select it, it takes you to the Network Diagnostics, which then run through everything and report that you have a working connection. But the Toolbar continues to report that it does not have a WIFI connection.
This is strange as I am typing and submitting this despite this dubious claim. :-)
Not a major issue, more an annoyance but still very strange. (Oh and turning it off and on again makes no difference).
MacBook Air, OS X Mountain Lion, 2011 model