One of the reasons I rooted my Droid Incredible is so I could use it as a wireless hotspot so when I'm away from my home wifi, I can connect my iTouch thru my droid. I've had the iTouch before I got an android phone and I still use it for my podcasts, videos and music. That way I don't clog up my android with that stuff.
Anyhow, now that I've rooted my Dinc, how do I set it up so I can use it as a wireless hotspot. I notice under Settings > Wireless & networks there is an option for 3G Mobile Hotspot. Is that what I use or is that the paid Verizon option?