Great news for those who were lucky enough to get into the Swype beta before open registration was closed, a new version of the swipe-to-type QWERTY software keyboard is now available. The update provides a few improvements and a slew of bug fixes that gets Swype up to date for newer Android phones. Ever since the last beta update, Android 2.0 users would receive “Limited Functionality” errors when rebooting their phone. That glaring bug has been erradicated, as well as a few other less intrusive hiccups in the software.

A big part of the update also focuses on imrpoving the intuitive use of Swype, including auto apostrophes for contractions such as ‘won’t’ and ‘can’t’ and smarter handling of text input fields to keep passwords out of the user defined dictionary and reduce auto-spacing for entry of URLs and e-mail addresses.

If you are currently participating in the beta, your current version of Swype will soon expire and require that you update. You will need to first uninstall both Swype and the Swype Installer before requesting an e-mail to be sent to your phone containing a link to the updated installer file. If you missed out on the beta, well you really are missing out. That being said, there is still no word on when we may see an official release into the Android Market (though the Samsung Galaxy S and a few other phones are coming with Swype out of the box).