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 Droid will be able to do much more than Verizon is telling you. For example: free tethering, iPhone-like multitouch and CPU overclocking.
Just like  the jailbreak community on the iPhone, there’s a group of Android developers determined to grant any Google-powered phone free access to every feature imaginable. And they’re able to accomplish this task more legitimately than underground iPhone hackers, since Android’s source code is completely open to developers.and to add to it, Android 2.0 is now Open Source, so it becomes prevalently much more easier.
However, it’s possible to Tether your Motorola Droid even today. All you need to do is follow the steps carefully.
What you’ll need:

1. USB Driver – Download or Download (Mirror)
2. Tethering Software – [PDANet] Download (Full  version costs $29, onetime)

Step 1. First, Install PDANet software on your desktop and Phone. The moment you install it on desktop, it will automatically install the USB driver for you, if it doesn’t, you can use the USB driver above to install.
Step 2. Make sure you have USB Debugging still enabled. Connect your Droid to the USB and on  phone, launch the PDANet software. Click on “Turn PdaNet On“.

Step 3. Once it is turned on, you can then go to your PC and “Connect” on the PDANet software on your taskbar. You are done, You have Tethered Droid successfully, enjoy the High speed wireless Internet.
Step 4. (Optional, only for Bluetooth) If you need Bluetooth Tethering, first thing you need to do is pair your phone with your PC via bluetooth connection.
Step 5. Once successful, create a Dial-up Networking Connection (DUN). When asked what modem to use, select the Bluetooth Modem Driver. It will ask you for a username and password, select you won’t need to use one. It will ask you to foIt will ask you to for a phone number to use to dial out. Use “123″ as the phone number.