Quick Note: While one of the great things about the update.zip is that you are not required to clear your memory...i have found from personal experience that your phone will run much smoother by doing a factory reset(much like it would by wiping your hard drive on the computer). This has nothing to do with the update.zip....people who recieved the OTA from Verizon have also reported lots of bugs with updating.
[COLOR="Red"]First off, ensure that you have the Stock 2.1 ROM with first OTA, it WILL NOT work otherwise.
software/Build version will read as the following: 1.22.605.2...if it is 1.22.605.0, the update wont work...please go here to update it http://forum.xda-developers.com/show...81#post7933281
-Drop the update.zip provided at the bottom of the page on to the Root of your SD card.(Just to clarify the "root" of your sd card means you just drag and drop the file to your SD card. DO NOT put it in any folders!)
- Turn your phone off.
- Press and hold the Volume Down and Power at the same time to boot into HBOOT.
When the white HBOOT screen appears, use the volume button to move down to “RECOVERY.”
- Press the Power button to select “RECOVERY.”
- When the triangle and exclamation appears, hold the Volume Up and Power button at the same time.
- Using the volume button, scroll down to “apply sdcard:update.zip” and select it.
-Your phone should update now, but it will take some time
enjoy your FroYo everyone ...and a very special thanks to teslatech at Android Central for pulling the .zip from his phone
All issues should be resolved at this point...PLEASE REPORT IF YOU HAVE ANY OTHER ISSUES!
EDIT:>>>>>>>>Youur Baseband should read as followed to perform this update....1.00.03.04.06...if it doesnt please follow this link to downgrade your phone to stock Android 2.1 http://androidforums.com/incredible-...wngrading.html <<<<<<<<<<<<<<
Follow this link for rooting directions AFTER you install the update.zip ...http://www.droid-life.com/2010/09/07...id-incredible/