There are two supposedly in the works, one around mid-December and one in late January. Both are supposed to be OTA.
do you think its gonna be automatic update??
There hasn't been any indication yet; the source for the information is some leaked documents from Verizon regarding planned workarounds and fixes for common issues, see this Phandroid post for the originals: Motorola Droid OTA Update Coming December 11th? | Android Phone Fans, if you get down to around page 3 of the document you will see the issues that have planned fixes and estimated release dates for the updates.
Given the way the Droid handles updates to Market apps I would guess that there would at least be some notification that one was available. Even if there isn't I would keep an eye on these forums and Phandroid as the date approaches (hopefully we'll get some official public announcements with some hard release dates as they get close to a finished build) and if nothing else on the release day go to Settings > About phone > System updates, which should automatically find any available system updates.
EDIT:: Here is the local thread with some additional links to other resources, http://www.droidforums.net/forum/te...s/1431-first-ota-update-verizon-dec-11th.html
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