This error is caused by a licensing error when loading Swype. This can be caused by several known problems.
1) Hotboot/Fastboot/Quickboot. Newer phones, like the Droid Incredible and Desire HD, come installed with hotboot (aka fastboot/quickboot). While hotboot enables you to boot your phone much faster than would be otherwise, it does so by bypassing loading some non-essential system resources until after the interface is made available. Swype needs some of these resources at boot to function properly.