I use Companion Link and give it 2 enthusiastic thumbs up! I am currently syncing Act! by Sage to Google via Companion Link but you can use it to sync to just about any PIM software.
Can you use Companion Link to sync Outlook desktop directly to the Droid?
FYI - I am in your boat. I use stand alone outlook. Here is my experience with companion link. Remember contacts is the real issue. Google does offer a way for stand alone users to sync their outlook calender up to the cloud, but they don't offer this for contacts.
Companion link has two different products. Android for Google. This is an application that will take your tasks, calendar, contacts, and notes and sync it to the Google "Cloud". I don't use notes. But your tasks are put into your calendar.
Then the cloud will sync that same information to your phone.
My advice...before you use CL, make a back up of your outlook calendar and contacts in case the first sync goes awry.
This product work flawlessly for me since November. However recently, when I try to sync GOOGLE will think that Companion Link is a phishing software and block the sync. This does not happen every time, but enough where it is getting to be a pain. The tech support with CL is very good, but as of know they have no solution.
There is a second product which is the USB sync. This product is a bit cumbersome as you need both an app on your phone and the software on your pc. Here you can sync your outlook directly to your phone. Your phone will then sync up to the cloud. Or you can eliminate the cloud by not allowing your phone to sync with it.
From what I understand, you can test both..but DO NOT do both at the same time. both programs run differently and if you sync with both you will end up with tons of duplication.
From what I have read there are some cheaper alternatives out there, but many do not work as advertised.