Sounds like the ignition switch is starting to fail. I would replace it before it leaves you stranded.
clarity: are you talking about the tumbler assembly the key goes into or an ignition control module?Question: why are we blaming the ignition switch? He said that one symptom is that the radio presets are deleted, correct? If that's so, all power must be lost at least momentarily. I don't see how the ignition switch would cause that (?).
I am curious how the tumbler / key assembly would cause my electrical symptoms.