Swype was by far my most favourite touch screen keyboard I ever used, and still is even though I have moved over to an iPhone. Well now Swype is available for the latest version of Android. No big improvements, just support added for Android 4.0 Ice Cream Sandwich.
For those who don't know what Swype does, it literally allows you to text type by swiping instead of tapping on each letter. It's super fast and is actually in Guinness World Book of records for its super speed.
It is still in BETA stage and has been for nearly 2 years now. They must really want it to be absolutely perfect before taking off that BETA tag.
Get it now if you haven't already or give it a shot if you're running an older version of Android. It supports most versions of Android.