Use your old phone. The Incredible has come and gone. It's not longer the phone to have and IMO, I would still rather have a Droid with stock Android.
If you can wait until the End of June (at the latest) there will be several new Android phones coming out. So if you aren't sold on the Incredible, don't just buy it for the hell of it to have a smartphone. Wait it out with your old VZW phone, which can be reactivated, and wait until the Droid 2 or Nexus Two is mentioned.
I now suggest everyone looking for a new phone get a Google phone, and not a phone with Sense or BLUR. Since the 2.1 thread antics in this section, it's obvious people are expecting the same priority as those with stock Android, which always gets firmware updates first. The Droid, Nexus One, etc. are all Stock phones. They aren't running Sense or BLUR which always adds an extra step for VZW to test.
So wait it out a bit and keep on the lookout for new phone details. If you find a cheap phone you like now, go for it. Otherwise, you have a blessing in disguise. Wait to use the upgrade on something new. Again, the Incredible may be the best VZW has to offer, but it's old and most people have moved on.