Thanks for trying the resets already, shivatrance. That usually does the trick when all else fails! What happens when you go into Settings and try to turn on Bluetooth or WiFi from there? Any error message? Do you have any applications installed that help to control your settings that may have auto-installed after the reset?
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Help! My phone is doing the same. I updated the software and not wireless connections are unavailable. After hard reseting the device I went to the settings menu and slid the bluetooth toggle to on. It says "Turning on bluetooth" then the toggle goes back to off and my bluetooth wont turn on. The wifi toggle says nothing when trying to be switched on. It just jumps back to off. What happens if my replacement doesn't work?
Since the Kit Kat update I have the same problem. This appears to be a software issue with the Kit Kat software update.
Is Verizon Wireless working on a patch to fix the software induced problem?