How can I update my Droid to android 2.2 version?

I have a Droid Incredible. I have heard about the Droid Froyo update. I am just wondering about this new update and how it works. Do I have to buy the incredible to get the update after the update is released or it is an air update that would update my android 2.1 to the android 2.2 Droid Froyo update? How can I update my Droid to android 2.2 version? Can someone please advice? I would really appreciate it. Thanks.

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