Overall I am very happy with my 235 but I too have some problems with it. One thing I've noticed is that the 235 tracks a heart rate even when the device not being worn.
Coming from the fitbit charge HR I had some expectations as to how this device would work but there are things that the fitbit did better. For one, the charge HR knew when it wasn't able to pick up a heart rate and it would display -- on the screen instead of guessing. My feeling is because the 235 can't properly detect when a heart beat is present it often reports that I am sleeping during times when I am not actually wearing the watch. The fitbit on the other hand was almost perfect at knowing when I was asleep vs. simply having removed the watch.
After the most recent update this is what my 235 shows on the screen while holding it up in the air - http://imgur.com/a/8lfq6
What you see is the heart rate counting up from 73 to 79 - while being held in the air! My finger was not touching the sensor in any way.