Or maybe, just maybe, because 1.2ghz Cortex A8 is faster than 1ghz Snapdragon being even slower with Sense UI. Or maybe, its because the Droid GPU smacks the Snapdragon GPU silly. Just because you don't understand these things, doesn't mean nobody else does.
So I'm thinking you must be talking about an overclocked Droid?
If I'm reading that correctly, that's not really a fair comparison point since 1) no one has overclocked an Incredible yet and 2) not many people can and will overclock a Droid. Comparing apples to apples, I just don't see how the Droid can be faster. That is, stock to stock, which most everyday users will keep it at.