I didn't wait for Verizon to push the update to me so I downloaded it myself directly from the Android (Google) site.
Visit this website on your 'Motorola Droid' browser and follow the instructions carefully.
Droid-Life:
http://www.droid-life.com/2010/08/03/manual-android-2-2-update-for-motorola-droid/
Also included are instructions on dowloading Adobe Flash to your phone. Quite simple.
Again, this is for the Motorola DROID only.
Let me know if you have any problems. I'll do my best to help you.
Have fun and rock on!
~bladerunnin