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no, the droid is like the nexus, its going to continue to be updated and still be more powerful than alot of devices to come, i honestly think that in 6 months that the droid will still be more powerful than most smartphones to come to market.
i think it got till the end of 2010 then its a rap with Motorola Droid Pro coming at the end of this year with a 2ghz processor the droid, no matter how much i love it, will be pushed to the wayside.
What about the Droid Incredible and Droid X? I mean I don't really care for them at all because I love the physical keyboard on my Moto Droid. The only thing that makes me a tad envious is the processor power, but even then I have SetCPU and Smoked Glass 6.0.1 rooted.
The Moto Droid will continue to be a powerhouse for the foreseeable future. Probably not until this time next year will you see a TRUE successor to the Droid. The reason I say this is that even though the Droid 2 is going to be an excellent device it is little more than a hardware refresh of the Droid. When the Droid Pro / God Phone comes out that is when a true successor to the Droid will be here.
I really think it has until the end of this year before it stops being updated by Verizon which could be a good thing. Not sure what Gingerbread has in store but hopefully it will be leaps and bounds over FroYo since there should be better tech out by then. That doesn't mean that the ROM community won't develop for it though.