Phone is rebooting now. So far so good.
Edit: Phone is booted now.
Launcher took a while to load. Things are pretty poky. Make sure you give it some time to refresh and fully reboot.
Edit 2: Stock 2.2 launcher is still slow as crap. LauncherPro seems to work perfectly. Swype is definitely broken (big bummer there).
Edit 3: Swype works fine now. Uninstall it and reinstall it and you should be good to go. Swype actually feels a good bit faster in 2.2