I just got a DROID Bionic with qHD (540x960) and it appears the density is the same as my DROID X at its lower resolution of 480x854.
I noticed because in my Recap app, I use the 'dip' modifier for all screen coordinates, and the scrollview, which I've set its width to 320dip, no longer fills the screen all the way across, as it has done on each device and emulator I've tested so far, but leaves a margin on the right side. It doesn't cause any problems other than aesthetics.
So it appears dip isn't dip anymore in qHD, not Moto's qHD anyway.
I programatically create the screen because there's almost 100 custom labels that are accessed in an array.
Any ideas?