It looks like Android Tether is coming to Android 2.2 soon. ?For those of you who don’t want to wait nor pay any additional monthly fees for what’s already do-able, you can follow our instructions here on how to tether your Android phone via WiFi or Bluetooth. Plus, if you install Cyanogen Mod, you will get USB tether without doing anything additional.
Phones running Android 2.2 will be able to tether via USB and act as a Wi-Fi hotspot for other Wi-Fi enabled devices, according to TechCrunch. The blog shows screenshots of the FroYo interface, where users can u their Android smartphone to act as a modem, and also share the phone’s Internet connection with other devices via Wi-Fi.