I still don't like it. I had a Droid (when I temporarily switched to Verizon for about 3 months) and Swype was the best thing ever. Of course I could type fast just like I do on the iPhone - blazingly fast, but Swype was right up there in time, maybe a little slower, but so much easier. You could type with one hand, while doing other things, talking to other people. As long as you knew where the keys were, Swype made it easy to gesture your way through an SMS or whatever.
Sorry to say but this beta is still just so inaccurate that I wonder if it'll ever improve. I CLEARLY go to certain letters, very precisely, and it still comes out with a completely different word, or, only gives like 2 letters of the word, which makes no sense.
I could be inaccurate & messy with Swype and it'd always somehow figure out what the word I meant was.