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I also have a big problem with it being too sensitive.

I think the swipe location should just be moved to a bar above the keyboard, where the previous and next buttons are.

THIS WOULD BE PERFECT.
 
swipeselection

Oh, man, what a letdown! Does not at all work for touch typists, causes my favorite writing app to simply lock up each time I open it, and the senstivity thing is annoying. What a great idea though! So close yet so far...
 
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