One option is to simply root the phone (gain Administrator access).
I was looking into that too. According to articles
like this one, Motorola has installed something called eFuse that detects user rooting and forces the phone into recovery mode. This is not as bad as bricking the phone, but still makes it almost useless.
I am sure, though, that there are Droid hackers... um, 'enthusiasts'
who are working on defeating eFuse as we speak...