I have no idea how it works, but I feel the beta version is a lot better than the preloaded version... funky.
Anyways I finally got it to work.. I strugged removing libswypecore i believer from my system/lib folder for freaking ever... everytime i'd manage to uninstall and delete the other files THIS one kept popping up in my system folder. I could never delete it. And I'd be able to install the swype beta but I'd get constant force closes. I had to reflash the supah clean rom (wipe data/cache). Download titanium and root explorer. Search swype in root explorer... delete all those files.. goto titanium, uninstall swype.. download swype installer... reboot.... and then install swype and it finally worked.