I think what needs to be said has already been said - you buy the device you think you like at the time. If you want to wait for the next best thing you will forever wait. Sure, it appears that Motorola may have pulled a fast one with the release of the RAZR but like it has been said, it's a different phone for a different buyer. I don't see a problem with Motorola's sales strategy.
My OG Droid is nearly useless. I'm running PE 6.5 which has allowed me to use the phone until now, but it's done... To many issues to list. I need a new phone now, and I'm eligible on 10/26. As much as the RAZR looks like a nice device, the Bionic - even with all of its current bugs and that screen-door screen I witnessed at the store - is still within the parameters I want in a phone. So, my desperate need for a new phone, coupled with my acceptance of the features and soon-to-be-fixed bugs, means I'm okay with buying the Bionic. I want the removable battery and removable media, and I refuse to buy a Samsung based on the company's poor update record. I won't even wait for the inevitable price drop that will happen with the Bionic because I've made a decision that I need the product.
I will eventually root it and mod it as much as the development community will provide, and hopefully load ICS on it, thereby sort-of "creating" a new Bionic for my tastes.