Gman, an Android developer, has created an awesome app for Droid X. It allows you to use your micro-HDMI connection to stream all the action on your Droid X to your TV. Normally, the Droid X can only output pictures and video over HDMI, but Real HDMI will output the whole kit and kaboodle.
It is available for $1.99 in the Android Market. You can grab in from appbrain or from this QR code.
Check out this video to see what I mean: