the beta swype is there, you just have to activate it.
menu---> settings--->language & keyboard, Swype.
you might want to uninstall the beta though, maybe.
i have version 2.7.49.12469 and don't think it's beta- maybe it is though?
I knew how to activate it, I did it 3 different times when I forgot about how glitchy it was and wanted to try it again. So here's my swype update:
I went to activate it and it kept crashing when I did so. I restarted the phone several times, it kept crashing. I finally got it to work and the swype installer gave me a message saying something like "your current version is swype beta, please use the full swype version" so I uninstalled the swype beta I downloaded. I went to the market thinking that swype would be there, no such luck. I still have the swype installer from the beta, but when I install it I get the same, use the real swype message.
Looks like swype isn't happening for me unless it is placed in the market. I found the manual update and tried to run it, but it didn't work.