Wifi tether is now out on Droid. I saw this on DroidFourms. I haven't tried yet but will later today. Ill let everyone know how it works for me.
http://www.droidforums.net/forum/dr...d-wifi-tether-wireless-tether-root-users.html
http://www.droidforums.net/forum/dr...d-wifi-tether-wireless-tether-root-users.html