So … Sorry for the delay in blog posts.  I’ve been preoccupied with getting root privs on the Incredible.  I finally got it down thanks to this thread from xda-developers.com.  Earlier this week, (Tuesday at the half of the Lakers game 6) I got the adb shell error that you want to see:

exec ‘/system/bin/sh’ failed: No such file or directory (2)

I have been trying since the previous Saturday right after it was announced and was having no luck.  I tried everything that was posted all over the web and nothing was working for me.  What turns out to be a complete fluke, I got the beloved error message to pop up only once.  One of the failed methods I was trying was the set of instructions with the 10 Minute Root video.  The author included a batch script and I ran it at the appropriate time.  Without going into too much detail, it failed … And I have been chasing that beloved error message since.

Thanks to dreamersipaq’s post, I’ve been able to root and consecutively repeat the root over and over proving that this was not a fluke.  For those that have had problems with rooting their Incredible, it’s all about the timing.  This thread goes into great detail on how to get the timing right.  If you’ve been trying for almost a week like me with little to no results then I highly recommend that you review that thread.  Hope is not lost!

I may just have to revise it and repost it here on my blog with clearer instructions.