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Tested as of now on my droid and it works and its an awesome program! Just remember, in the fine print it says your "Unlimited Data" plan is really limited to 5 gigs a month, an amount which can be used up very quickly by a tethered pc.
Goodluck!
TogaLive
Technically Unlimited Data means... Unlimited Data. But that comes with the assumption that the end-user will use it for what the contract covers which is email, web browsing, app downloads, and apps by Verizon (ie. VZ Navigator). If you use it excessively, they can tell if you're using it for other purposes.Could someone explain this part to me? I don't quite understand.
Are there any adhoc wifi programs yet? That way we can use our phone as a wifi hotspot?
Why would you want to tether it wirelessly? That's going to be a security issue and a speed issue I'd imagine... And if you're going to say "so more than one device can tether to it" then that's going to get your plan flagged for sure.
This is how you tether your droid with your laptop...step by step.
1) Purchase PDAnet for android at PdaNet -- Use your Android as a USB Modem
2) Download and install motorola usb drive on the laptop and restart laptop.
USB and PC Charging Drivers - Motorola USA
3) Install PDAnet on laptop and follow instructions exactly as it prompts.
Thats it. PDAnet will not work if you do not install motorola usb drivers first.
Works with my droid and Windows 7 like a charm.

There are two options for PC Charging Drivers, which one should I download?
OR