It's not perfect for the Tbolt as they make a generic version for droids then a "Production" device specific version that fixes all the bugs. There is a workaround for text swype issues... use handcent text app.
I love Swype and downloaded as usual from Swype | Text Input for Screens
I have a few issues with it not working and having to long press and select input method periodically but would rather have it than not. I also use Handcent so don't have the issue with the spacing.