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DO IT!!! Its been great for me so far!!! sure there are a few bugs, but over all the phone runs MUCH smoother than 1.5.
I don't see the Live Wallpapers or am I missing something?

led or trackball color seems to be locked out, i bet we get it if/when we get root.
and welcome to the site Mike, good to see some positive thoughts on the eris.
i like my warrantyCan someone who has taken the plunge please let me know if "Solitaires Arena" is available to download in the 2.1 market?

It doesn't matter if you're mac or pc. It's just putting a .zip file on your SD card's root folder.
It's really not that hard. Just be aware that there are some bugs, and the risk is yours.
OK, stupid question here. I know I used to have a folder called root when I viewed my sd card with Astro, but I don't see it anymore. Where is it I wonder?