Little more info please.
When you say the driveshaft is removed, do you mean the rear and you're driving on the front only? Or is it that you just put it in drive and let the output shaft spin without the truck going anywhere?
Also, when did it start? After some work? Come on slowly or all at once?
Is the truck new to you, and has done it all along, or have you had it awhile so could monitor the vibration's progress?
If just running it stationary, then the vibration would have to be coming from the transmission output section or the transfer case. If it was anything from the torque-converter forward to the engine, it would vibrate in park too.
Have you towed it recently? Made any modifications? Done some wicked burnouts with that 347 engine? Could be the rear output section of the t-case I suppose. Or it could be one of the bearings.
What is the frequency and modulation of the vibration? Low and deep, or high and shallow? Somewhere in between?
Any funny noises accompanying it?
Paul