Registered as part of the ongoing Swype beta? An update is now available for you, so jump on it. The new version brings many improvements, including Speech to Text support, double tap to edit, and continued fixes to accuracy and test input. You will have to download the update manually to your handset by visiting the Swype beta page and entering your info.
Speaking of Swype, in the wake of several top class text-entry alternatives for Android, does it still hold the favor of as many as it used to? Or have people moved on?