I must say, I don't know how I've made it this far without using my droid to its potential. I was afraid of rooting or further hacking, but over the last few days I have really accessed the possibilities of the android OS. Thanks to the wealth of information on this forum, I now have a rooted froyo 2.2 phone overclocked to 1.1 ghz. I have the updated baseband and installed flash player 10.1 and I must say, my phone is ridiculously fast! The apps I now have access to and the permissions I am granted has changed my impression of this phone dramatically!
I hope this adds a bit of motivation to those out there on the fence of hacking their phone. It is much easier than you think and coming from someone with zero previous experience in doing so, it really is tough to screw up your phone! Have fun hacking!