The last two days were spent on trying to get the JavaME Wireless Tookit from Sun up and working with EclipseME. It's been a frustrating experience, to say the least.
I did find this webpage with a lot of information on hacking and modding your V3 RAZR. It's got a neat little story on the history behind the RAZR.
But aside from the cute diversion, I found on a forum at MotoX, that RAZR V3 isn't capable of upgrading its Java CLDC from 1.0 to 1.1, even if you flashed the firmware.
So it looks like I'll have to go find a phone with CLDC 1.1 to get anywhere.