Ok guys this is how you Get Froyo running rooted on your Droid Incredible.
Rooted
1. Download
PB31IMG.zip and place it in the root of you SDCARD.
2. Now go to the bootloader.
2a. Run 'adb reboot oem-42' if powered up or hold Power + Volume Down if your phone is off.
3. It should automatically start loading PB31IMG.zip. Then accept it when it asks you to load it or not (pretty sure Vol Up).
4. You are now completely stock. You should remove PB31IMG from your SDCARD now.
5. Download
dinc_ota.zip, rename it to update.zip and place it in the root of your SDCARD.
6. Now boot into recovery and apply the zip.
6a. adb reboot recovery if powered up or Power + Volume Down then select Recovery.
6b. Now hit Power + Volume Up to bring up the Recovery menu.
6c. Now select apply update.zip
7. Go to Settings > About phone > Software information > Baseband version and verify that it's 2.05.00.06.11.
8. Now download and run
Unrevoked 3 to reroot and install ClockworkMod recovery.
9. Now you can go ahead and install the Stock Froyo ROM.
Non Rooted
1. Download
dinc_ota.zip, rename it to update.zip and place it in the root of your SDCARD.
2. Now boot into recovery and apply the zip.
2a. adb reboot recovery if powered up or Power + Volume Down then select Recovery.
2b. Now hit Power + Volume Up to bring up the Recovery menu.
2c. Now select apply update.zip
3. Go to Settings > About phone > Software information > Baseband version and verify that it's 2.05.00.06.11.
4. Now download and run
Unrevoked 3 to root and install ClockworkMod recovery.
5. Now you can go ahead and install the Stock Froyo rom.
I just got all that from xda. just thought i would bring it over. I need to go to bed but I will stay on to help you guys out.
EDIT: Do NOT try to run the JonnyB's sense red or blue cover on 2.2. It works but it makes other things look really weird. Just a heads up