A few weeks ago, the App of the Week was FlexT9, a keyboard that could do it all. Most notably was the ability to swipe or tap the words out. Swype on the other hand has never really had the option to tap out words. You could, but there was no predictive text or autocorrect which made it a headache. It made it impossible for me to warrant using it because of the pain typing in URLs was in the browser. Now Swype 3.0 Beta introduces predictive tap-typing.
Read more for more information, the video, and the download link.