Motorola on Droid X self-destruct controversy: it won't brick your phone, just put it in recovery mode
Once your phone is in recovery mode, you can fix it by reinstalling an approved, untampered version of the software. So, the rumors that the phone was difficult to mod were absolutely true, but the rumors that a hardware fix from Motorola would be required to get your phone working again were wrong. No bricking here, people.
The next step, of course, is for Droid modders who want to hack different wrappers for the OS (like HTC Sense, or Froyo) onto their Droid Xs to figure out a way around the bootloader protection on the phone. I suspect it's only a matter of time.