I just got my Moto Droid last December. I am thinking that riding out the contract will be a good thing. As well as very cost effective. I love my Droid and can't see replacing it with another Droid if my NE2 isn't up. I did, however, think I was going to use the physical keyboard. I couldn't tell you the last time I slid it out. The virtual keyboard in landscape using Smart Keyboard is awesome. I have VERY large fingers and I fly on the virtual. Also, waiting until I am eligible will surely uncover even more new and exciting phones for VZW as well as 4g. I just can't see being a first adopter every time something "new and improved" comes along.
Just hang on people. A newer and more improved one is right around the corner.