UPDATED 10/2: New images of the Motorola Droid (Tao, Sholes) running Android
source: HowardForums (wnrussell)
Motorola Droid (Tao, Sholes) Preliminary Specifications
UPDATED October 1st: New images
UPDATED October 2nd: The name of the device has changed once again and is now labeled the Motorola Droid.
It also appears there will be a designated site for the phone at motoroladroid.com which is registered at Whois.Net.