Thought this forum was for the Droid 2.
But any way it may not be enough to power your phone on or off. I suggest power it off and remove the battery. Wait a minute, reinstall the battery, then power up and see if that stops the light. If it don't work take it to a Verizon store and one of the guys there may be able to figure it out. It may need repair! Hope this was helpful L.O.L.