It's not just Android that Swype, the company which pioneered an ultra-fast texting method, has its eyes on—they're apparently developing an iPhone version, which they're hoping Apple will have no objections to.
Considering it's in the Guinness Book of World Records as the fastest way to text message, Apple shouldn't have any problems with OK-ing it for the App Store. Unless they see it as being competitive to their own virtual keyboard.
Swype's CEO Mike McSherry said to Reuters that it "remains to be seen" as to whether they'll be able to launch the app or not. I don't think I've heard a single bad word said about Swype, so maybe Apple should consider buying the company—and then license the software out to HTC, Motorola, Samsung et al. [Reuters]