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Does it have the potential to brick the device?

Although it has become relatively simple on the Droid, some methods of rooting pose more risk than others. So in short yes there is a potential.

Will it void my warranty?

It depends on your manufacturer (and their warranty policies). But technically this does void your warranty in most cases.

Will I stop getting updates?

Again this depends. Some manufacturer provide updates for rooted devices while others do not. These will usually continue to come in and may unroot your phone if you install them, or even require you to unroot manually before you can receive their updates. If you install a third party ROM, then there's nothing else to do with your original manufacturer.

Will the cops show up at my front door the next day?

I certainly hope not :) but if rooting involves cracking a bootloader, it could theoretically get you in legal trouble in some jurisdictions (anti-circumvention laws, etc.)

EDIT: Also be aware that there are different root methods based on which current build you are running.

EDIT: It may (as of May 24, 2017) prevent you from installing some apps: Google Play can now prevent rooted users from downloading certain apps

Does it have the potential to brick the device?

Although it has become relatively simple on the Droid, some methods of rooting pose more risk than others. So in short yes there is a potential.

Will it void my warranty?

It mostly depends on where you live and on your manufacturer (and their warranty policies). But technically this does void your warranty in most cases.

Will I stop getting updates?

Again this depends. Some manufacturer provide updates for rooted devices while others do not. These will usually continue to come in and may unroot your phone if you install them, or even require you to unroot manually before you can receive their updates. If you install a third party ROM, then there's nothing else to do with your original manufacturer.

Will the cops show up at my front door the next day?

I certainly hope not :) but if rooting involves cracking a bootloader, it could theoretically get you in legal trouble in some jurisdictions (anti-circumvention laws, etc.)

EDIT: Also be aware that there are different root methods based on which current build you are running.

EDIT: It may (as of May 24, 2017) prevent you from installing some apps: Google Play can now prevent rooted users from downloading certain apps

Does it have the potential to brick the device?

Although it has become relatively simple on the Droid, some methods of rooting pose more risk than others. So in short yes there is a potential.

Will it void my warranty?

Yes technically this does void your warranty in most cases.

Will I stop getting updates?

No, unless you install a third party ROM these will usually continue to come in and may unroot your phone if you install them.

Will the cops show up at my front door the next day?

I certainly hope not ;) but if rooting involves cracking a bootloader, it could theoretically get you in legal trouble in some jurisdictions (anti-circumvention laws, etc.)

EDIT: Also be aware that there are different root methods based on which current build you are running.

EDIT: It may (since a few days, as of: 24th of May 2017) prevent you from installing some apps: Google Play can now prevent rooted users from downloading certain apps

Does it have the potential to brick the device?

Although it has become relatively simple on the Droid, some methods of rooting pose more risk than others. So in short yes there is a potential.

Will it void my warranty?

It depends on your manufacturer (and their warranty policies). But technically this does void your warranty in most cases.

Will I stop getting updates?

Again this depends. Some manufacturer provide updates for rooted devices while others do not. These will usually continue to come in and may unroot your phone if you install them, or even require you to unroot manually before you can receive their updates. If you install a third party ROM, then there's nothing else to do with your original manufacturer.

Will the cops show up at my front door the next day?

I certainly hope not :) but if rooting involves cracking a bootloader, it could theoretically get you in legal trouble in some jurisdictions (anti-circumvention laws, etc.)

EDIT: Also be aware that there are different root methods based on which current build you are running.

EDIT: It may (as of May 24, 2017) prevent you from installing some apps: Google Play can now prevent rooted users from downloading certain apps

Does it have the potential to brick the device?

Although it has become relatively simple on the Droid, some methods of rooting pose more risk than others. So in short yes there is a potential.

Will it void my warranty?

Yes technically this does void your warranty in most cases.

Will I stop getting updates?

No, unless you install a third party ROM these will usually continue to come in and may unroot your phone if you install them.

Will the cops show up at my front door the next day?

I certainly hope not ;) but if rooting involves cracking a bootloader, it could theoretically get you in legal trouble in some jurisdictions (anti-circumvention laws, etc.)

EDIT: Also be aware that there are different root methods based on which current build you are running.

Does it have the potential to brick the device?

Although it has become relatively simple on the Droid, some methods of rooting pose more risk than others. So in short yes there is a potential.

Will it void my warranty?

Yes technically this does void your warranty in most cases.

Will I stop getting updates?

No, unless you install a third party ROM these will usually continue to come in and may unroot your phone if you install them.

Will the cops show up at my front door the next day?

I certainly hope not ;) but if rooting involves cracking a bootloader, it could theoretically get you in legal trouble in some jurisdictions (anti-circumvention laws, etc.)

EDIT: Also be aware that there are different root methods based on which current build you are running.

EDIT: It may (since a few days, as of: 24th of May 2017) prevent you from installing some apps: Google Play can now prevent rooted users from downloading certain apps