Swype have just released a pre-release version of their new keyboard. The new keyboard comes with gestures such as cut, copy and paste. It was only available for Nexus 4G customers previously but it looks like Swype are now releasing a BETA version of it for all Android devices.
If you have been invited to the BETA version you should have got an email with instructions on how to get the new pre-release version.
I have the new BETA version but am disappointed I didn't get the new design you can see in the screenshot above and the video below. Hopefully it'll come in a future update.
The video reveals all.