Is this a JB question or a Swype question?
(I only ask because I switched to the Swype in the Play Store, and that's when it all went batty. New Swype no longer has that slider between speed and accuracy -- which I always set closer to the accuracy side of things. I've noticed that New Swype is, for me, being as inaccurate as Old Swype used to be before I fixed the speed vs. accuracy setting. I'm hoping New Swype will put this setting back, because I've been tempted to go back to Old Swype on more than one occasion, due to New Swype being crazy inaccurate.)