Major update to Swype was just released.
You can get it here:
Swype | Text Input for Screens
As noted down below, people who have Swype pre-install can now upgrade to this without root and the whole process of deleting stock Swype.
Also, if you are upgrading from a previous beta, both the new installer and application will install alongside (not over the top) of your existing swype beta, so once you install the new one, go ahead and uninstall the old swype installer and swype application.
Copied below from their page here:
Next Generation Swype Beta - June 2012 - Details inside
Swype Beta v.1.0.3.5809
Swype
You can get it here:
Swype | Text Input for Screens
As noted down below, people who have Swype pre-install can now upgrade to this without root and the whole process of deleting stock Swype.
Also, if you are upgrading from a previous beta, both the new installer and application will install alongside (not over the top) of your existing swype beta, so once you install the new one, go ahead and uninstall the old swype installer and swype application.
Copied below from their page here:
Next Generation Swype Beta - June 2012 - Details inside
Swype Beta v.1.0.3.5809
Swype