Older version did this but now it only happens to the first word. "If I have a sentence like this" and wanted to delete all the way to "If I" I could have held down the delete key and after a second it would start deleting word by word.
Looks like this feature was disabled in the latest version of Swype: http://forum.swype.com/archive/index.php/t-6439.html
phargarten 06-22-2012, 11:16 AM Hey Swypers,
We've changed the delete behavior a bit -- and while it took me a day to get used to it, I have to say it has sped up my Swyping a bit. So here's a couple changes we've made to the deletion behavior:
- Pressing delete after Swyping a word will delete the entire word. We find that Swype is rarely off by a little. If we don't guess the word you want, you probably want to delete the whole word and Swype again, rather than deleting a few characters. So delete after a Swyped word will delete the entire word.
- For this reason, the long press "Delete word back" function has been removed.
Remember, you can always press the Swype key to highlight the word next to the cursor. Swype another word to replace the highlighted text.
Cheers and Happy Swyping!