Swype provides a much faster and easier way to input text on the screen. It`s a far better concept than simply typing the letters on the screen. Swiping is performed by maintaining a stylus motion across the screen on the required letters. With swiping, one can type as much as 40 words per minute.
To further enhance the usage, Recently, Nokia Beta Labs have released an update for Swype for S60v5 devices. There is also a copy and paste option available now in settings menu.

According to the Nokia Beta Labs, Swype is compatible with Nokia 5800, Nokia 5230, Nokia X6, Nokia N97, N97 Mini and Nokia C6-00.
The new Skype also comes with a support for various new languages including Czech, Danish, Dutch, Finnish, French, German, Greek, Icelandic, Indonesian etc.
For details regarding installation of Swype, head over to Nokia Beta Labs.