A couple of days ago, we shared a story with you about the newest CM7 mod for the Droid X. Apparently, there have been some folks that have had success getting wireless tethering working with this mod on the Droid X. If it turns out to be true, then we have some serious reasons to rejoice as this would mean we don't need to worry about complicated workarounds. Here's a new download link below if you want to try it out, and a link to our original story so you can reread the instructions if you need to. All you guys that try this out, please let us know in the forums if this works!
CM7 DroidX Mod Download Link
Original CM7 Droid X story on DroidForums.net