To answer the original question. Yes, and then some. Seriously, to anyone looking to upgrade, buy this phone. My battery life is about equal to my rooted and overclocked Droid 1 (though, we don't have 4G in this area yet... expecting a noticeable drop in battery when it does... hopefully HTC will have an extended battery out soon that isn't as bulky as the one they have out now). Everything associated with the phone is faster, smoother, and just feels more put together than my Droid was. And the memory of this thing. Its INSANELY better than the Droid. Whereas you had ~256MB of internal memory with the Droid, which really hampered the number of apps you could load, this beast comes with 3GB! I have roughly 22GB left on my external memory card, and I have ALL my music uploaded onto it. Its ridiculous.
I'm just waiting for the Multimedia Dock to be available from HTC, and I'm going to pounce. The ONLY drawback I have right now is that I really can't use it as a clock at night like I did with the Droid. Once that thing comes out, it will have surpassed the Droid in every way possible.
And lets not forget that its already been rooted and overclocked to 2.0Ghz. Thats faster than most netbooks right now.