Droid STILL "Does"
Just got the 2.2 update from »androidforums.com/motorola-droid···oid.html about 30 minutes ago and can confirm that tethering is indeed available on my Droid. Tested with PDANet with my netbook and all functions normal.
Go to Settings > Wireless & Networks > Tethering.
Also, I can now move certain apps from phone storage to SD card storage by going to Settings > Applications > Manage Applications and tapping the app. If available, it will give you a button that says "Move to SD card". I don't know if it was available before, but I am glad I found that one.
Bone stock, no root.