This is a discussion on Verizon Droid Hotspot within the iPad Carriers forums, part of the Apple iPad Discussions category; Originally Posted by Jake18oly Originally Posted by CaptKirk where do you download the App to turn the Droid into a hot spot? what is the ...
I have been doing it for some time and have not ever been charged anything extra. As long as you have the unlimited data plan you will be fine. They are only able to charge you on the official wireless tether app which is not out and won't be available until the official android 2.2 release.
It is a bit more involved than that. Here is a step by step breakdown for rooting it.
How to Root Droid
Once you root I strongly recommend downloaded rom manager. It makes things a lot easier when changing things up with the rom.