We just got word this morning from one of our astute members that the Motorola Droid 3 is now receiving a new update. The update brings his phone up to 5.7.906 now. Sadly it isn't Ice Cream Sandwich, but it does bring some bug fixes and features. It has actually been rolling out for a couple of days now apparently. A couple of the best feature enhancements provided by the update are improved autofocus performance and reduced shutter lag.
Thanks for the tip, cobravnm13!