I had thought about waiting for the Passion but as more info is starting to surface, I'm glad I've got my Droid.
1. As others have mentioned, 1 GHz processor will more than likely be underclocked to keep a decent battery life so it probably won't be much faster than the Droid.
2. OLED screens are nice but tend to wash out in sunlight from what I have read. I love the visibility on my Droid.
3. The latest intel is now saying the Passion will only have a 3.5 inch screen instead of the rumored 4 point something inch. Not much smaller than what the Droid has but still, I'll take the larger screen.
4. No confirmation of an independent GPU in the Passion so it will need a faster processor to handle both jobs if it is lacking a GPU.
5. If the pics I have seen are what it will look like, I will look like alot of other phones out there. I love the look of my Droid, it stands out in a crowd. Some think it's ugly but I love it!
So to sum up my overly long post.....
I love my Droid and think the Passion is being overly hyped. Just my 2 cents.