For anyone that gets the new 2.0.1 update and wants to help towards rooting the Droid... try the following!
-Click install and update
-Once the phone reboots (before you get to the recovery screen) pull the battery out.
-Pull out the microSD card and put it into an adapter and then into the computer
-See if there is a update.zip on the card
-If there is, please upload it!
After you do that, you should be able to power on the phone with the SD card back in and the update should continue. If you don't want to update you should be able to delete the update.zip and continue on without the update.
(thanks to microbolt)
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