I had just rooted my phone again using z4root and ran the backup program Koush's Droid X Bootstrapper
Creating and Restoring Backups - Complete Guide - Droid Forum - Verizon Droid & the Motorola Droid Forum
Now when I reboot the phone it gets to the boot animation with the red droid eye but it will freeze for a second and then restart again from the "Droid" screen right after the motorola logo.
I've tried doing a factory reset to no avail. Is there anything else I can try or am I out of luck?