I have been using these stereo headphones with my droid for about a year and a half now ... they are awesome. At least 10 people at work have listened to them and went out and got a pair for themselves.
http://www.amazon.com/Motorola-S305-.../dp/B002BH3I9U
I got mine on sale from Newegg for $20 bucks ...might be worth waiting until they are on sale somewhere.