Update: Verizon has tweeted that Froyo won't be coming today; it looks as if Verizon has delayed the rollout. We are currently investigating, and we'll issue an updated report as we learn more.
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The Android 2.2 OS -- Android Froyo -- will begin rolling out over the air on the Droid Incredible starting next Wednesday, August 18.
We've heard from our sources that the Verizon team members already have Froyo installed on their Droid Incredibles. Now the update is essentially ready for primetime. Froyo has been making its way onto some of the most popular Android handsets in recent weeks. The HTC Evo 4G, the Motorola Droid and the Nexus One have the updated OS.
Froyo is a major improvement over its predecessors; it brings Flash 10.1, faster processing speeds, USB tethering and Wi-Fi hotspot functionality to the mobile OS. Google also added new cloud sync functionality into Android 2.2 with yesterday's launch of Chome to Phone.