I decide to bite the bullet and install froyo last night. I was using the following steps:
Stock 2.1 to 2.2 Froyo Step By Step installation (Dr. Martin)
Around step 17 or 30 the phone led came on red. Prior to starting this the charge was 90%. Finished out the install and still the red led was on. Unplugged it from the USB and plugged it into the wall charger (came with it). Went to bed to let it update everything.
This morning the led is still on and it says the battery is out. I have done a battery pull and that didn't help. The only thing I haven't done is to try another charger, but since it went from 90 to 0 in less than 10 minutes I feel that there is something else going on.
Thanks for your help.