I installed Swype and I absolutely LOVE it so far. I am having an issue with it though....any time I turn off my phone, when I turn it back on I get a message saying Swype is configured for another device and will function with limited effectiveness or something like that. I have to keep reinstalling it. I have no idea what the deal is.
Known bug in the beta. Don't reinstall. Instead, do the following:
(1) Open an application that requires keyboard input like email or a notepad.
(2) Long Press on the text field to get an "input method" choice.
(3) Choose the Android Keyboard.
(4) Long press again.
(5) Choose Swype.
Be sure that you have both the android keyboard and Swype enabled in your settings so you have a choice of input methods.
As noted, it's a known bug and Swype is trying to fix it. It occurs when you turn your phone on because Swype tries to instantiate itself before the O/S has finished its housekeeping tasks.
Hope that helps.
P.S. By the way, this occurs only with the "official" Swype version (5652). It does not occur with the earlier 5612 build that was lifted from the beta program several days ago.