After debuting on the Nexus S 4G, the new Swype update is coming to all enabled handsets0
The new gesture support allows Swype users to edit messages quickly and specific gestures will allow the user to cut, copy and paste. Other gestures will allow Twitter and Facebook to be launched. The release date for the broad distribution of the update is not yet known. Registration is still open to Android users who can sign up immediately by clicking on the sourcelink.
source: Swype via AndroidPolice