In addition to integrating Dragon Dictation, Swype is adding an advanced language modeling algorithm for improved text correction and prediction. The advanced language model will learn how you type to provide more accurate suggestions as you continue to use the keyboard.
Finally, Swype now lets you download dictionaries for more than 50 different languages from within the Swype Settings menu. It should be noted that the advanced language algorithm initially only works with English, French, Italian, German, and Spanish, although more languages are promised “soon”.
To highlight the newest Swype features, they created an amusing promotional video:
source: Swype via Droid-Life