I have the droid incredible also, and it has a native double led flashlight. Came with version 2.2 (Froyo). It should be just as bright as the torch app. there are 3 settings ...low medium and melt your face.
I use weatherbug elite and weather channel. I prefer weatherbug for its interface, but I like info from multiple sources sometimes. (this is important when making the decision of motorcycle, convertible, or VX each morning)
I believe netflix is coming to Android, along with Hulu.