I'm still waiting too. I didnt manually update because I didn't want to brick my phone, and now I have read a bunch of people having the OTA brick their droid. Its going to really suck if I get the OTA on the last possible day and it messes up my phone. If it does, I hope to at least get a Droid X out of the trouble!
I'm waiting too for pretty much the same reasons, although there is plenty of information here about how to do it safely. I have not heard or read of anyone getting the OTA and having their phone die, but I could have missed it. If that were the case, I believe Verizon would make it right. Maybe I'm naive.
Edited for spelling.