Per @P3Droid they rooted the Bionic

The device supports wifi on 8 other devices if you pay Verizon $20+/month for their mobile hotspot feature.

Wireless Tether or Wifi Tether via rooting allows you to do this (wirelessly, of course) without paying for it, but apparently there is security built into the OS or kernel software to disallow this, so PDANet via wired tether would be your only free option.

Brandon
Thanks Brandon.
 
Bluetooth tethering is supposedly not as fast though.

Finally got around to testing on a Droid X (3G) and found that using Speedtest app on the phone I am getting at this moment .92Mbps down and .85Mbps up. Using the "Access an external Network via a Bluetooth Gateway" option from the Motorola Bluetooth driver on my notebook, and running Speedtest on the notebook browser I got 1.28Mbps down and .64Mbps up. So no speed hit at least this time.
 
So, has anyone done this with their Bionic? It seems to be only for Linux, right?
 
So, has anyone done this with their Bionic? It seems to be only for Linux, right?

Done what? If you mean the Bluetooth thing I was talking about, that was on a Win 7 64bit laptop. I will have the Bionic in a couple hours and will report back if this same method works.
 
Done what? If you mean the Bluetooth thing I was talking about, that was on a Win 7 64bit laptop. I will have the Bionic in a couple hours and will report back if this same method works.
No, I mean rooting.
 
Can you confirm that Wireless Tether doesn't work on this GB build?

I hope this thing gets unlocked someday soon so we can see some AOSP ROMs.

Brandon